Global Iron Ore Prices End Four-Day Rally
Iron – Reuters reported global iron ore prices ended their four-day rally on Thursday, with Metal Bulletin's index dipping $1.74 to $110.96 a tonne.
Articles Tagged "iron ore investing"
What Every Investor Needs to Know About the Labrador Trough
Iron – The global economy may have slowed, but iron ore will always be in demand, especially in Asian powerhouses China and India. Iron Investing News looks at Canada's Labrador Trough, an iron-ore-producing region that could one day rival market leaders Australia and Brazil.
2011 Iron Ore Market Trends
Iron – Iron ore prices hit record highs in early 2011, only to fall in the second half of the year on reduced demand steel demand for China. Nonetheless, iron ore producers seized the opportunity to invest in the expansion of their current iron ore projects across the globe.
Iron Ore Prices To Linger Low
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. For complete story, click this [...]
Rio Tinto Deal with Chinalco in Australian Hands
Iron Investing News reports iron ore prices are set to fall due to the global recession. We believe prices should settle somewhere between 30 and 35 per cent below the agreed rates last year,” said Alan Cummings, Territory’s general manager finance. BHP and Rio Tinto are locked in negotiations with North Asian customers over prices [...]
Iron ore industry highlights
Iron Investing News reports the EU issued objections to BHP Billiton’s hostile takeover of Rio Tinto. Europe’s steel manufacturers brought their worries to the EU Competition Commissioner in May. The steel industry fears that such a deal could create inflated raw material prices. BHP first made the bid of 3.4 BHP shares for every Rio Tinto [...]
