MELBOURNE, Australia (AP) — Australia’s Prime Minister Anthony Albanese called on China to import Australian iron ore without hindrance after reports on Wednesday that a state-run Chinese iron ore buyer had told steelmakers and traders to temporarily stop buying shipments from global mining giant BHP. China Mineral Resources Group Co.’s move against the world’s biggest…
The prime minister says he’s “concerned” by reports that China has banned iron ore imports from mining giant BHP in the midst of a pricing dispute, saying he wants the issue resolved “quickly”. Bloomberg reported yesterday that China’s state iron ore buyer had ordered steelmakers to pause purchases of iron ore shipments from the company…
By Melanie Burton and Renju Jose MELBOURNE (Reuters) -Australian Prime Minister Anthony Albanese said on Wednesday he was concerned about a report that China’s state iron ore buyer had taken steps to pause purchases of iron ore cargoes from miner BHP. Bloomberg News, citing people familiar with the matter, reported on Tuesday that state-owned China…
Iron ore declined due to a cautious tone ahead of a major holiday in China that’ll see mainland markets closed for a week from Wednesday. Futures fell to $103 a ton in Singapore, the lowest since early September, after dropping 2.8% last week. Demand for the steel-making staple may ease during Golden Week break. Iron…
SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it will invest 67 billion reais ($12.36 billion) in its mining operations in Minas Gerais state by 2030, as it held a ceremony to mark the reopening of a key mine in the city of Ouro Preto. Most of the investments will be focused on solutions…
After more than a decade of intensive research in China, a groundbreaking new ironmaking technology is poised to revolutionise the global steel manufacturing industry. The new method involves injecting finely ground iron ore powder into an extremely hot furnace, triggering an “explosive chemical reaction”, according to the engineers involved in the project. The result is…