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SINGAPORE (Reuters) -The prospects for iron ore prices are improving thanks to a lower than expected global surplus this year, analysts and traders say, though looming new supply from the giant ...
Iron ore prices are likely to stay in three digits for the rest of 2024, insulated to a large degree from China’s faltering economy by cost support that kicks in at around $100 a ton.. But that ...
China’s insatiable demand for steel combined with a slow recovery in Brazilian supply after a series of outage events has lifted the price of iron ore to a six-year high of $130 a ton, but that ...
Iron ore could fall further, but a floor price of $80/t is likely to underwrite the profits of the world’s biggest miners, which might mean that they will reclaim some of their recent share ...
Iron ore prices have fallen to a nine-month low due to weak steel demand and economic struggles in China, prompting analysts to lower price forecasts. Type your search and press Enter.
Iron ore fell for a second day, as traders watched for any progress from US-China trade talks and potential stimulus from Beijing that could reignite demand for the steelmaking staple.
Iron ore futures in Singapore fell as much as 0.8% to $94.85 a ton, the lowest intraday level since May 2, before trading at $95.15 at 10:35 a.m. local time.
Rio Tinto’s single biggest investment over the next few years is likely to be a huge African iron ore project that could reshape global supplies of the steelmaking ingredient.
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