Iron ore futures traded above 120 per tonne not far from an over sixyear high of 1275 hit on September 8th amid optimism surrounding Chinas economic recovery China held its benchmark lending rate for corporate and household loans at 385 for a fifth straight month while President Xi Jinping said on Saturday that the worlds secondlargest economy remains resilient and that Beijing.
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Aug 27 2012018332Price falls will prove a difficult obstacle for the new iron ore players Nearly all of the Chinasponsored projects are modest in size planning for production of between five and fifteen million.
Jul 21 2020018332Alongside steady sales of seaborne iron ore to support longerterm contracts Rio Tinto the secondlargest diversified miner in the world gained 61 new customers for portside trading.
Iron ore soared to near 110 per tonne in July a level not seen since August of 2019 as a surge in coronavirus infections in Brazil has triggered worries of supply disruptions in a wake of rising demand from China The Chinese government recently pledged to increase spending on infrastructure construction to offset the impact of the pandemic on the economy.
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Jun 24 2020018332Iron ore smelter International sales of iron ore exported by country totaled US1225 billion in 2019 increasing by 742 since 2015 when iron ore shipments were valued at 703 billion and expanding 303 from 2018 to 2019 From a continental perspective Oceania mostly Australia sold the greatest amount of exported iron ore at 538 of the global total.
Benchmark Australian spot prices for iron ore are near 80 per ton a 30 rise versus late October So far this month prices are up 6 Spot prices for coking coal have also risen 5 in the first.
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