Iron ore headed for a monthly loss as a short-lived rally triggered by a fatal steelmaking-coal mine accident in China’s Shanxi province faded, leaving investors focused on mill margins and mounting shipments.

Chinese coking coal futures pushed higher for a second session as investors watched for a broader government crackdown on the sector after a deadly accident at a mine in Shanxi province.

Chinese coking coal futures jumped by the daily limit and mining stocks surged after a deadly accident in Shanxi province sparked fears of broader supply disruptions.

China’s steel mill profitability has climbed to the highest since August, according to data from consultancy Mysteel, although questions remain over how long the improvement can last.

A number of Australian steel-making coal mines may have struggled to sustain recent recoveries in output, potentially supporting prices of the commodity, according to a satellite-data analytics firm.

Fortescue Ltd., one of the world’s biggest iron ore miners, has been ordered to pay over A$150 million ($108 million) in damages to an Aboriginal group after being found to have operated the Solomon Hub project on their land without consent.

Iron ore rose as signs of solid Chinese demand offset concerns over rising supply, with futures hitting the highest since October 2024.

The global steel industry’s green transition is threatened by continued spending on coal-based production and underinvestment in cleaner methods, according to a clean energy research group.

Singapore has isolated two residents who were onboard a cruise ship linked to a deadly outbreak of hantavirus.

A key measure of bulk-shipping rates jumped to the highest level since December 2023, driven by rising demand for Capesize vessels along with tightening supply of ships that haul bulk commodities.

Singapore’s lawmakers unanimously passed a motion affirming that the country will not have jobless growth amid the artificial intelligence transition, CNA reported.

Iron ore rose to the highest since October 2024 as China’s markets reopened after a five-day holiday.

Iron ore rose toward a one-month high, despite a resolution of a dispute between BHP Group and China Mineral Resources Group Co. that had supported prices by putting some supply at risk.

BHP Group has struck a supply deal with China’s state-backed iron ore buyer, ending a months-long standoff between a vital consumer and the world’s largest miner that has roiled markets and hampered steel mills’ access to key products.

Iron ore rose as Chinese demand remained strong ahead of the May Day holidays while near-term supply was constrained.

A key gauge of bulk shipping rates climbed to the highest since early December, driven by a surge in demand and tightening vessel supply.

Brazilian miner CSN Mineracao SA is sounding out traders for a roughly $200 million prepayment against iron ore cargoes, according to people familiar with the matter.

China’s state-backed iron ore buyer has told several steel mills in the country they are allowed to purchase some BHP Group cargoes, an apparent concession in a months-long commercial dispute.

China’s state-backed iron ore buyer has told several steel mills in the country they are allowed to purchase some BHP Group cargoes, an apparent concession in a months-long commercial dispute.

Iron ore slid to its lowest in a month after a report that BHP Group’s incoming chief executive officer had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining giant and its main customer are thawing.