Iron ore advanced after posting its biggest monthly gain since September 2024, supported by tropical storms in Australia and an ongoing pricing dispute between China’s state-run buyer and major miner BHP Group.
Iron ore advanced after posting its biggest monthly gain since September 2024, supported by tropical storms in Australia and an ongoing pricing dispute between China’s state-run buyer and major miner BHP Group.
Aditya Birla Global Trading is expanding its iron ore trading team in Singapore, adding two hires to its growing steelmaking materials desk.
Freight train wagons are filled with mined iron ore in the open pit mine at the Lebedinsky GOK iron ore mining and processing plant, operated by Metalloinvest Holding Co., in Gubkin, Russia, on Thursday, Nov. 25, 2021. Iron ore prices rebounded from last week’s pandemic-driven losses on bets the impact of a new coronavirus variant may not be as severe as initially feared. Photographer: Andrey Rudakov/Bloomberg
A shift toward greener steel production could help China’s mills to restore profitability that’s been eroded by years of overcapacity and weak domestic demand, according to a think tank.
A shift toward greener steel production could help China’s mills to restore profitability that’s been eroded by years of overcapacity and weak domestic demand, according to a think tank.
A steel storage warehouse in Hangzhou, China, on Friday, Feb. 7, 2025. Metals investors are weighing the prospect of worsening international trading conditions after the Trump administration slapped tariffs on China and threatened other countries including Canada and Mexico.
Fortescue Ltd.’s Executive Chairman Andrew Forrest said China’s state-backed iron buyer should stop using tactics aimed at negotiating lower prices for the key steel ingredient.
Fortescue Ltd.’s Executive Chairman Andrew Forrest said China’s state-backed iron buyer should stop using tactics aimed at negotiating lower prices for the key steel ingredient.
Andrew Forrest Photographer: Brendon Thorne/Bloomberg
Miner Fortescue Ltd. expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market, Chief Executive Officer Dino Otranto said in an interview.
Miner Fortescue Ltd. expects its extensive use of Chinese capital and mining equipment to set it apart from rival iron ore producers as Beijing seeks to extend its influence in the market, Chief Executive Officer Dino Otranto said in an interview.
Dino Otranto in Beijing on March 23. Photographer: Qilai Shen/Bloomberg
BHP Group Ltd. is sending a cargo of Jimblebar fines — a type of iron ore that’s restricted by China’s state buyer — to India, according to people familiar with the matter, the latest sign that the world’s biggest miner is diverting shipments to other markets.
BHP Group Ltd. is sending a cargo of Jimblebar fines — a type of iron ore that’s restricted by China’s state buyer — to India, according to people familiar with the matter, the latest sign that the world’s biggest miner is diverting shipments to other markets.
Iron ore fell after China’s state-backed trader told steel mills it is temporarily easing some restrictions on a BHP Group product following a surge in prices.
Iron ore fell after China’s state-backed trader told steel mills it is temporarily easing some restrictions on a BHP Group product following a surge in prices.
A major US attack on the island that exports the bulk of Iran’s crude is raising fears of more widespread supply disruptions in the region, further straining oil and gas markets already in upheaval after two weeks of war in the Middle East.
A major US attack on the island that exports the bulk of Iran’s crude is raising fears of more widespread supply disruptions in the region, further straining oil and gas markets already in upheaval after two weeks of war in the Middle East.
Oil facilities on the Kharg Island in 2016. Photographer: Morteza Nikoubazl/NurPhoto/AP Photo
Iron ore shipments are being disrupted by the worsening conflict in the Middle East, with some cargoes diverted mid-voyage to East Asia as war chokes one of the world’s most critical shipping lanes.
Iron ore shipments are being disrupted by the worsening conflict in the Middle East, with some cargoes diverted mid-voyage to East Asia as war chokes one of the world’s most critical shipping lanes.
A bulk carrier signaled it was Chinese-owned as it transited the Strait of Hormuz this week, highlighting how vessels are trying to ensure safe passage through the waterway during the war in the Middle East.
A bulk carrier signaled it was Chinese-owned as it transited the Strait of Hormuz this week, highlighting how vessels are trying to ensure safe passage through the waterway during the war in the Middle East.
The Iron Maiden was seen switching its destination signal to "CHINA OWNER" while exiting the Strait of Hormuz early Thursday.
Iron ore rose as China renewed a pledge to tackle overcapacity in its world-leading steel sector and set a widely anticipated economic growth target for the year ahead.
Iron ore rose as China renewed a pledge to tackle overcapacity in its world-leading steel sector and set a widely anticipated economic growth target for the year ahead.
A freight train carrying iron ore travels towards Port Hedland, Australia, on Tuesday, March 19, 2019. A two-day drive from the nearest big city, Perth, Port Hedland is the nexus of Australia’s iron-ore industry, the terminus of one of Australia’s longest private railways that hauls ore about 400 kilometers (250 miles) from the mines of BHP Group and Fortescue Metals Group Ltd. The line ran a record-breaking test train weighing almost 100,000 tons that was more than 7 kilometers long in 2001, and even normal trains haul up to 250 wagons of ore. Photographer: Ian Waldie/Bloomberg
Authorities in China have asked steel mills in the north to temporarily curb operations to help reduce pollution during key annual government meetings in March.
Authorities in China have asked steel mills in the north to temporarily curb operations to help reduce pollution during key annual government meetings in March.
A worker walks past molten steel at a steel factory in China.
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply.
Iron ore retreated for a third day as increasing Chinese stockpiles and higher-than-expected output from Brazilian miner Vale SA added to concerns about oversupply.
A stockpile of iron ore. Photographer: Ian Waldie/Bloomberg
BHP Group could face up to $2 billion hit from pricing pressures after China restricted its Jimblebar iron ore, as discounts widen and lump premiums collapse, according to Goldman Sachs Group Inc.
BHP Group could face up to $2 billion hit from pricing pressures after China restricted its Jimblebar iron ore, as discounts widen and lump premiums collapse, according to Goldman Sachs Group Inc.
A third-party agent of Singapore’s sovereign wealth fund has paid a 120.6 million won ($82,328) fine for so-called naked short selling, the Straits Times reported, citing documents by South Korean regulators.
A third-party agent of Singapore’s sovereign wealth fund has paid a 120.6 million won ($82,328) fine for so-called naked short selling, the Straits Times reported, citing documents by South Korean regulators.
BHP Group’s iron ore discounts following Chinese pressure are “optical, temporary and economically bounded” and don’t reflect a decline in the mining giant’s pricing power, according to RBC Capital Markets.
BHP Group’s iron ore discounts following Chinese pressure are “optical, temporary and economically bounded” and don’t reflect a decline in the mining giant’s pricing power, according to RBC Capital Markets.
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