Iron Investing News reports spot price for iron have been fluctuating and some companies are taking advantage of it.
In the meantime, the trio – Rio Tinto, Brazil’s Vale and BHP have been taking advantage of spot prices in iron, which have been on the way down because of China’s growing steel glut, though still well above [...]
Iron Investing News reports iron market moving towards a gloomy start.
“We need to recognise the fundamentals of the market. The market would show that it does need a downward adjustment this year,” said Sam Walsh, head of Rio’s iron ore division. But given the potential for a recovery in industrial demand at some stage and [...]
Iron Investing News reports price of iron ore will be staying at a low mark.
Even as news comes filtering in that China has landed a 40 per cent price cut with the Top Three ore miners, final iron ore talks for fiscal 2009/2010 have yet to see the light of day.
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Iron Investing News reports BHP and Rio’s takeover bid finally ended.
Although the deal is dead in the water for now, it’s an idea that will no doubt remain in the minds of BHP management for the future. The desire to merge BHP and Rio began in the 1990s and was first tried in 2001 by [...]
Iron Investing News reports production cutbacks combined with bleak economic outlook investors in iron ore do not see a bright outlook ahead.
Customers of the world’s three largest iron ore producers have asked for shipment deferrals leading the big miners to consider production cutbacks.
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Wednesday, September 9, 2009
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