Iron Ore navigates choppy seas amid some positive China signs: Russell
Amid volatility in most commodity markets, iron ore has been relatively stable over the past two months, despite a cloudy economic outlook for top importer China.
Australia’s biggest carbon polluter to go completely net-zero by 2035
The nation’s largest electricity generator on Thursday announced the shutdown of all coal-fired generation by the end of fiscal year 2035, with annual greenhouse gas emissions to reduce from 40 million tonnes to net zero.
Iron Ore rises on China demand, pre-holiday restocking
Iron ore futures rose on Thursday, with the Dalian benchmark contract touching a two-week high, underpinned by increased construction activity in top steel producer China and sustained policy support for the sector.
China digs deep to raise Coal output to record high
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassing inventories at power plants.
Iron Ore price rises as China’s steel output increases
Iron ore prices wavered as the market assesses the strength of Chinese demand.
Iron Ore subdued on China demand concerns
The most-traded iron ore, for delivery in January 2023, on China’s Dalian Commodity Exchange DCIOcv1 ended daytime trade 0.3% lower at 720.50 yuan a tonne.
China plans to break reliance on foreign Iron Ore
The move is underpinned by China’s Iron Ore “Foundation Plan”, which will unfurl over the next decade. The plan was ostensibly developed by the China Iron and Steel Association, the industry body representing the iron and steel giants that have been paying foreign companies eye-watering prices for the raw material.