Iron – The Vancouver Sun reports that China's Dalian Commodity Exchange will start trading the country's first iron ore futures for physical delivery this week.
Articles Tagged "Iron Market News"
Iron – Greater supply of iron ore and a subdued Chinese steel market may weigh on prices for the steelmaking raw material when China reopens after a week long holiday, Reuters reported via Steel Guru.
Iron – Times of Oman reports that an Oman-based investment company, Anvwar Asian Investments, and an Australian iron ore developer are jointly planning to develop an integrated iron ore mine along with a large pelletising plant in South Africa.
Iron – Reuters reported that China's CITIC Pacific is moving into initial production at its $8 billion iron ore project in Australia following years of delays.
Iron – Bloomberg reported that Sable Mining Africa Ltd. (SBLM) has been granted a license to start mining its Nimba iron-ore project in Guinea.
Iron – Fortescue Metals Group (ASX:FMG) said it would take control of iron-ore processing at a mine in West Australia where a worker was called last month, MarketWatch reported.
Iron – Tanzania is set to become the fourth largest iron producer in Africa once production at the Liganga iron project starts within five years, reported DailyNews. The country would produce a million tonnes per year.
Iron – The CEO of Aquila Resources (ASX:AQA, TSX:AQA) expects that continued growth in Chinese steel production will support the price of iron ore even while analysts are predicting a glut due to oversupply, Mining Weekly reported.
Iron – Charter rates for ships carrying iron ore reached a 33-month high due to rebuilding inventories in China Bloomberg reported.
Iron – Mining and commodities giant Glencore Xstraa Plc (GLEN) will proceed with a study into an iron mine in the Republic of Congo costing up to $3 billion, Bloomberg reported.