The pricing of iron ore, between mining giants and China, is escalating into a high stakes game. Who stands to benefit? Canadian iron-mining companies, especially producers from Quebec and Labrador. Already, 2010 is looking good. The steel market is also set to expand by 9.2 per cent in 2010, on rising demand from the [...]
China, the world’s biggest steel producer, is flexing its muscles again. The country is eager to replace the benchmark arrangement price long used by the industry for iron ore imports with one that will give it a bigger say. Last week’s major meeting between the world’s iron ore suppliers and Chinese buyers, the first after [...]
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. For complete story, click this link. Follow developments in resource mining and exploration [...]
Lead Investing News reports the lead markets aren’t doing very well with output cuts and layoffs. At current price levels, approximately 50 per cent of the world’s zinc producers are under water. Zinc MZN3, mainly used as an anti corrosive in galvanized steel is currently selling for around $1,120.00 per tonne, less than half the [...]
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