UBS' head of EMEA mining. "We see the surplus getting larger in 2026/27 driving prices deeper into the cost curve." Weakness in the steel sector, which consumes the bulk of iron ore, means imports are ...
Iron ore and most base metals fell after US President Donald Trump said that he could hit China with 10% tariffs on all ...
Australian mining giant BHP is ramping up its output of copper, one of the most sought-after metals in the clean energy shift ...
The mining giant believes demand for iron ore has peaked but remains healthy, and expects demand for the steel-making ...
Iron prices started off strong at the beginning of 2024, but have since dropped steeply to two-year lows. Market watchers are ...
A Rio Tinto and Glencore $260bn mega-merger built around ambitions in copper would face major hurdles but remains a ...
Iron ore futures edged up on Friday, aided by stimulus expansion from top consumer China, but ended the week lower on seasonally softening demand for the key steelmaking ingredient.
A Congolese court has sentenced three Chinese citizens to seven years in prison after they were arrested in possession of ...
Rio Tinto faces more challenges with the West Australian iron ore mines that provide the lion’s share of group earnings, as ...
Government officials in Zimbabwe have been scrutinizing a Chinese mining company that has been operating a gold mine in the country’s east since at least 2021. The scrutiny comes as residents ...
"Our base case assumes a moderate surplus in 2025 and prices holding up around $95-100/t," said Myles Allsop, UBS' head of EMEA mining ... of iron ore, means imports are likely to grow Chinese ...
based on run-of-mine with an undisclosed iron content. In late September, the Chinese government announced new stimulus measures that were on the way to juice its economy, namely the housing sector.