The increase in demand for lithium carbonate is expected to increase four-fold by 2017. High demand and low supply has already pushed lithium carbonate prices to US$ 6,600.00 per ton. Isn’t it time you dived in? Analysts have predicted that the increase in demand for lithium carbonate is expected to increase four-fold by 2017. [...]
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 [...]
In a bid to ensure adequate supply to Corus’ European plants, India’s Tata Steel has signed an C$ 300 million agreement with New Millennium Capital Corp of Canada. Another $5 billion is to be invested in Vietnam. The world’s eighth-largest steel maker, India’s Tata Steel Ltd (TISC.BO), has said it expects its European unit [...]
Iron Investing News reports iron seem to have strong signs in the economy. Rio Tinto has completed the sale of its Corumba iron ore mine in Brazil to mining giant Vale SA for a cash consideration of $750 million. The Corumba sale, which was agreed in January, includes a potash project in Argentina and exploration [...]
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 [...]
Iron Investing News reports iron is supported by the Australian government. Shares in WA’s mid-west iron ore miners and explorers lifted after the Federal Government committed $339 million towards the $4 billion Oakajee port. The government matched funding offered by the WA state government in its 2009/10 federal budget handed down on Tuesday, bringing the [...]
Coal Investing News reports coal prices are looking brighter. Coal prices have fallen from a record high of $200 a tonne delivered into Europe last September to around $60 at present. Demand for coal in Asia is a major support factor for coal prices and China and India are expected to continue to drive demand [...]
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 [...]
Iron Investing News reports price of iron sees volatility in the markets. According to Deutsche Bank AG, the annual iron price benchmark contract system may be scrapped as producers seek individual arrangements. Peter O’Connor analyst of Deutsche said that “The stress on the benchmark system has never been greater. There’s been a 50 per cent increase [...]
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