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Iron Ore News
Mexico’s War on Drugs Weighing on Iron-Ore Trade with China
Mexico's exports of iron ore have dropped as authorities crackdown on iron ore shipments to China which have links to drug cartels.Continue reading...
Cliffs To Take Billion Dollar Writedown With Iron Ore Fall
Cliffs Natural Resources, the largest U.S. iron ore producer, has said it expects ti take a writedown of $6 billion as iron ore prices continue to slump on the back of softening demand.Continue reading...
Northern Iron Enters Investment Agreement
Northern Iron Corp. (TSXV:NFE,FWB:N8I) has entered an investment agreement with Hong Kong's OMC Investments Ltd..Continue reading...
Inland China Steel Mills Could Increase Iron Ore Demand
According to Mining.com, a report from Nick Pickens of Minerals Value Service stated that inland steel makers in China could have a capacity for up to 300 million tonnes of iron ore demand. Though that supply could also come from longer term agreements or captive mines, there is some possibility that those producers could look to seaborne supply as a competitive alternative, according to Pickens.Continue reading...
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