The most-traded September iron ore on the Dalian Commodity Exchange (DCE) ended daytime trading 4.11% higher at 824 yuan ($114.24) per ton, the highest since March 16. The benchmark July iron ore on the Singapore Exchange was 3.52% higher at $112.9 per ton, as of 0702 GMT, the highest since June 20.Web

"Income from our equity-accounted investments at Sishen Iron Ore Company Proprietary Limited and Mafube Coal Proprietary Limited were also negatively impacted by lower prices," it added. Exxaro (JSE: EXX) is one of the largest South African based diversified resources companies, with main interests in the coal, iron ore and …Web

Based on reported prices for iron ore fines (62% iron content) imported into China (cost, insurance, and freight into Tianjin Port), the highest monthly average price during the first 9 months of 2021 was $214.43 per tonne in June compared with the high of $155.43 per tonne in December 2020, USGS said.Web

Kitco News. Dec 21 (Reuters) - Iron ore prices scaled multi-week highs on Tuesday, with benchmark futures in Dalian and Singapore rising for a fourth straight session, underpinned by hopes of improved demand for the steelmaking ingredient in top steel producer China. ($110.28) a tonne, its highest level since Oct. 28.Web

Benchmark March iron ore on the Singapore Exchange fell as much as 2.5% to $118 a tonne, its weakest since Jan. 17. On China's Dalian Commodity Exchange, the steelmaking ingredient's most-active May contract was up 0.2% at 844 yuan ($124.52) a tonne, as of 0303 GMT, after earlier falling 1.1% to 833 yuan. China's stepped-up policy …Web

Rio Tinto added that 2023 shipments include 45 to 50 million tonnes of SP10 product, 13 to 15% of total tonnes (previously >10%). "This is higher than forecast, reflecting overall production in the upper half of guidance and delayed access to some mine areas," the company said. The company also provided shipments guidance for 2024 of 323 to ...Web

Vale said today coal and iron ore production were up in the third quarter due to operational improvements and better weather. Vale's iron ore fines production totaled 89.4 Mt in 3Q21, 18.1% higher than in 2Q21. The higher production was dampened by lower metal prices. The iron ore price premium was US$6.6 tonne, US$ 1.8 tonne lower than …Web

The company expects that in FY 2022, its iron ore shipments will be 180 – 185 million tonnes at C1 cost of US$15.00 - US$15.50/wmt. Fortescue Metals is a global leader in the iron ore industry. Fortescue's wholly owned and fully integrated operations in the Pilbara include the Chichester and Solomon mining hubs and the Western Hub, …Web

Coke jumped 2.5%, although it is now 23% below a record high seen on Jan. 6 after a 67% surge in 2020. As fundamentals improve, "iron ore prices may fall from high levels and coke prices are expected to return to a reasonable range," CISA said, without elaborating. Steel inventories are expected to decrease in the second quarter, it added.Web

Spot prices of benchmark 62%-grade iron ore in China have pulled back, trading at $149 a tonne on Monday, from a near six-month high of $152.50 last week, …Web

Spot prices of iron ore with 62% iron content for delivery to China, compiled by SteelHome consultancy, rose $3 to $105 a tonne on Monday. Prices had been falling heavily from a peak of above $230/tonne in May. Siani also talked about the future of some business units at the company, such as coal and base metals.Web

Kitco News. ** Analysts at Citigroup see "clear upside risks" to iron ore stocks from potential stimulus by China to prop up its property sector. ** Upgrades top Australian iron ore miners like Rio Tinto to buy from neutral and Fortescue Metals Group to neutral from sell. ** Brokerage believes a "modest" stimulus package with a focus on ...Web

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The benchmark December iron ore on the Singapore Exchange was 0.58% lower at $122.35 a ton, as of 0239 GMT. "Fears of enhanced government supervision on the market triggered a wave of risk-off sentiment, especially after latest moves made by the Dalian bourse," said Chu Xinli, a Shanghai-based analyst at China Futures.Web

(Kitco News) - BHP is looking on the bright side despite the relatively low price of iron ore. The price of iron ore has fallen dramatically since July after the Chinese government decided to release some of its strategic reserves. Not only that, the China and Australia-related trade tensions meant that Australia lost one of its largest customers …Web

Vale reported today EBITDA from continued operations of $4.002 billion, $1.532 billion lower than 2Q22, mainly reflecting the decline in iron ore and nickel …Web

An average GDP growth of 8.9% in 2014 implies further price upside," they said. If the dollar index rises by 5% and fourth quarter Chinese GDP rises to 8.7%, fourth-quarter copper prices are seen at $7,714 and iron ore at $161. There is some limit on how much Chinese GDP growth will affect copper and iron ore pricing in the future, they said.Web

The higher cost of ore has pushed up nickel pig iron prices to 1,175 yuan ($161.22) per nickel unit on Wednesday, up 10% from a month earlier and the highest since March, according to MySteel. Export prices stood at $139 per nickel unit, the highest in more than two months, it said.Web

Kitco News. By Enrico Dela Cruz Jan 13 (Reuters) - Iron ore futures climbed more than 3% on Friday, with Dalian prices hitting their highest in 17 months and stretching gains for the week on continued optimism about demand prospects in top steel producer China. After bottoming out in October, iron ore prices have also U-turned, being one of …Web

Longer term, the resource could support a world-class mining hub with a potential capacity of more than 100 million tonnes of high-quality iron ore a year." The joint venture will utilize Rio Tinto's existing rail, port and power infrastructure, including the planned instalment of renewable power assets in the Pilbara.Web

(Kitco News) - After Venture Minerals (ASX:VMS) announced on September 17 that it is temporarily halting iron ore shipments from its Riley iron ore mine in …Web

FOMC statement leans dovish, gold price rallies - Kitco News, Dec 13 2023 2:19PM: Gold prices holding around $2,000 an ounce as U.S. PPI remains unchanged in November - Kitco News, Dec 13 2023 8:41AM: Gold will shine in summer, oil shock could send spot prices above $2,400/oz - Bank of America - Kitco News, Nov 28 2023 2:49PMWeb

The most-traded January iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trading 0.91% higher at 777 yuan ($106.35) a metric ton, the highest since July 26. The benchmark September iron ore on the Singapore Exchange was up 0.56% at $107.45 a metric ton, as of 0717 GMT, the highest since July 31.Web

Kitco News. Mount Gibson Iron (ASX:MGX) reported today that high grade (65% Fe) iron ore shipments from its Koolan Island operation have steadily increased since the start of the current June …Web

The spot price of benchmark 62% iron ore for delivery to north China, as assessed by commodity price reporting agency Argus, rose to $128.80 a tonne on Monday, just shy of the peak so far in 2023 of $129.50 reached on Jan. 30. The price has gained 5.7% over the past week and is now 63% higher than the 2022 low of $79 a tonne, hit on …Web

Kitco News. BEIJING, Aug 18 (Reuters) - Benchmark iron ore futures in China slumped more than 4% to their lowest since March 24, as increase in portside inventories and curbs on steel production weighed on prices. Iron ore inventories at 45 ports in China increased by 260,000 tonnes last week to 127 million tonnes, data from …Web

A $10 per tonne increase in iron ore prices would add A$5.2 billion ($3.5 billion) to nominal GDP in the 2023-4 fiscal year, and A$500 million in tax receipts, according to Treasury analysis. Treasury figures showed it also hiked its thermal coal spot price assumption to $70 per tonne from $60 per tonne over the same period.Web

The mine, owned by Botswana-registered Vision Ridge Investments, a unit of India's Yashomann Industries, began production in 2021 as prices of iron ore, the main ingredient in steel production, soared to record highs of $240 per tonne driven by demand in world number one steel producer China.Web

The most-traded September iron ore on China's Dalian Commodity Exchange was up 1.4% at 827.0 yuan ($115.31) per metric ton, as of 0321 GMT, touching a near-two week high. On the Singapore Exchange, the benchmark August iron ore was up 0.8% at $109.9 per metric ton. "Iron ore prices were up again overnight, lifted by positive credit …Web

Kitco News. BEIJING, Jan 6 (Reuters) - China's state planner on Friday said it will ramp up efforts to regulate prices of iron ore and crack down on malicious speculation of the metal. The National Development and Reform Commission is highly concerned about iron ore's market price fluctuations, as it noticed a recent sharp and rapid rise, it ...Web

Get the latest information about futures of major world indices. Get the latest information of future markets of Metals, Energies, Grains, Indices, Softs, Meats, Rates, Currencies. Get the lates future market news.Web

7 rowsIron Ore increased 19 USD/MT or 16.17% since the beginning of 2023, according to trading on a ...Web

Vale reported today EBITDA from continued operations of $4.002 billion, $1.532 billion lower than 2Q22, mainly reflecting the decline in iron ore and nickel prices. By Kitco News For Kitco NewsWeb

Fortescue noted that its FY24 guidance for total iron ore shipments is 192 – 197 million tonnes, including approximately 5 million tonnes from Iron Bridge ( basis), and C1 cost guidance for Pilbara hematite is US$18.00 - US$19.00/wmt. Fortescue is one of the world's largest and lowest cost iron ore producers.Web

Kitco News. BEIJING, Nov 27 (Reuters) - Iron ore futures retreated on Monday as caution mounted after the world's top consumer China issued warnings on enhancing supervision on the market, and as investors awaited details from the government on property-related stimulus. The most-traded January iron ore on China's Dalian …Web

Benchmark Singapore iron ore prices dipped on Wednesday, while Dalian futures contracts languished near six-week lows, after BHP Group reported higher quarterly output of the steelmaking ingredient, adding to supply-side pressures. BHP, the world's biggest listed miner, kept its full-year iron ore production guidance unchanged, while …Web