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Iron Ore News
China Industry Official Sees Iron Staying at $80
According to Reuters, Li Xinchuang, deputy secretary general of the China Iron and Steel Association, sees iron ore prices hovering around $80 per tonne, calling for slowing growth from China's steel sector. The official saw China steadily producing 800 million tonnes of crude steel per year for the next ten years, putting a limit on its need for iron.Continue reading...
Fortescue Metals Sees Iron Ore Demand Increasing on China Urbanization
According to Bloomberg, Fortescue Metals Group (ASX:FMG) chairman Andrew Forrest believes that long term iron ore demand is set to rise on the back of widespread urbanization in China.Continue reading...
Labrador Iron Mines Holdings Reports Positive Drill Results from Howse Deposit
Labrador Iron Mines (TSX:LIM) has reported results from its exploration program at the Howse Deposit this summer. The deposit is held in joint venture with Tata Steel Minerals Canada.Continue reading...
BHP Billiton Could Cut More Jobs in Western Australia
The AAP reported that, although BHP Billiton (NYSE:BHP) hasn't confirmed that it has already let more of its staff go, the miner has said that it does plan to make some staff at its Nelson Point operations redundant in coming months.Continue reading...
Company Related Articles
Sep 9 2014A decade ago the emerging Karnataka-Goa trade with China laid the foundation for today's market in iron ore. At the time ore went for less than $20 a tonne with the annual price – known a...
Sep 8 2014In an industry as established as steel, it is rare that a new development can have the kind of meaningful impact widely expected from a low-cost, steady, accessible, and long-term supply of natural ga...
Sep 8 2014Here is one interpretation of when we’ll run out of each metal or energy source. While the technicalities of some of this information can be debated, I think the general theme runs the same. The...
Aug 29 2014The spot iron ore market is sinking under the weight of new supply. The benchmark price for 62 percent iron ore as assessed by the Steel Index .IO62-CNI=SI has just fallen below the $89 per tonne l...