Iron ore headed for a weekly loss as Australia’s government forecast sharply lower prices, the US dollar hit a two-year high, and traders waited for China’s next move to support its economy. Futures ...
LAUNCESTON, Australia (Reuters) - There are tentative signs that the supply crunch that has driven iron ore prices to their highest in more than five years is starting to ease, although the market is ...
Australian iron ore miners are being driven towards a merger of their operations by Chinese demands for lower prices ...
The past week or so has seen quite a yo-yo ride for global iron ore prices. Ore futures, including the most active September contract on China's Dalian Commodity Exchange, dropped by about 2% on May 8 ...
Iron prices started off strong at the beginning of 2024, but have since dropped steeply to two-year lows. Market watchers are looking for a turnaround in China’s economy. Iron is one of the world’s ...
Fortescue on Tuesday reported a 41% fall in annual net profit and pared its dividend, reflecting a drop in iron-ore prices as China's real-estate crisis weighed on steel demand. Australia's Fortescue, ...
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Australian prime minister urges China to resume iron ore imports after reported trade disruption
All Australia’s iron ore mines are in Western Australia state. Western Australia Premier Roger Cook said China was engaging in “strategic gamesmanship” with BHP to “get the best possible price.” Cook ...
Market research firm BMI, a Fitch Solutions company, has maintained its 2025 iron-ore price forecast at an average of $100/t, expecting continued downward pressure owing to weak demand stemming from a ...
An abundance of high-quality iron ore and the recent discovery of a 55 billion metric ton reserve have pushed Western Australia into the top spot as the world’s leading iron ore supplier. China, the ...
(Reuters) -Rio Tinto reported its smallest first-half underlying profit since 2020 and lowest interim dividend in seven years on Wednesday, as falling iron ore prices and rising costs in Australia ...
Goldman Sachs anticipates a short covering rally in iron ore, driven by oversold conditions and pre-holiday restocking. The bank maintains a structurally bearish outlook for iron ore due to oversupply ...
High and rising prices for rare earths used in commercial and military technologies has boosted the fortune of Australian ...
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