China to crack down on iron ore price gouging as market rallies on post-pandemic hopes
China’s top economic planner will tighten supervision of iron ore pricing after the steelmaking ingredient’s surge in recent months.
China looks to Guinea’s vast Simandou iron ore mine to secure supply
China is making a bigger bet on the huge Simandou iron ore mine in Guinea, which it sees as crucial as it tries to reduce reliance on Australian ore amid geopolitical tensions.
Bulk Buys: Optimism iron ore will take off as China unlocks
By now we’re all familiar of the tale of iron ore in 2022, a ball of confusion heavily influenced by China and its now seemingly eternal ruler Xi Jinping’s hard stance on Covid-19.
Nation heats up domestic iron ore biz
China is expected to ramp up domestic iron ore sources while enhancing the utilization of scrap steel and housing more overseas mining assets to safeguard the supply of iron ore, a key raw material for steelmaking, experts said.
Iron Ore Prices to Move Rangebound in Near Term amid Supply Pressure and Pre-CNY Stockpiling
Prices of iron ore posted a three-day losing streak as of January 5, closing with losses of 1.23% at 840 yuan/mt, the lowest in a week. But iron ore prices remained firm at a relatively high level.
China And Australia To Renew Trading Of Iron Ore, Coking Coal, Other Goods
Today, COVID-hit China finds itself increasingly isolated, not only from the U.S., but most of the world. As a result, its policymakers have prudently decided to return to one of their oldest allies: Australia. The hope is that the country can reclaim supplies of vital elements like iron ore and coking coal.
SGX iron ore scales 5-month peak as China eases covid rules
Iron ore futures rose on Tuesday, with the Singapore benchmark price hitting its highest in five months after top steel producer China decided to scrap quarantine rules for visitors, boosting investor sentiment.
Iron ore price retreats on surging China covid cases
China is in the first of an expected three waves of covid cases this winter, according to the country’s chief epidemiologist, forcing many people to stay home.
Miners lift as iron ore extends rally, data shows Australian inflation still rising
Shares in Mining lifted across the board as iron ore prices extended their rally on the back of China’s easing of its Covid restrictions.