Poor Chinese steel demand dragged iron ore prices to an eight-month low this week. Meanwhile, Mexico made headlines on Monday by cracking down on the Knights Templar gang, which has been smuggling iron ore in the state of Michoacán.
Yesterday, Canada's federal minister of environment said that Alderon Iron Ore's Kami project is "not likely to cause significant adverse environmental effects."
Cliffs Natural Resources and activist investor Casablanca Capital have different ideas about how Cliffs should proceed moving forward. Whose plan will lead the company to success?
Brazil holds some of the largest iron ore reserves and is among the top three iron ore producers, placing third against China and Australia.
In 2013, China's inventory of iron ore shrank. Now that trend appears to be reversing.
Views on the future of iron prices in 2014 vary widely, but they all take the same information about demand and production into account.
As China continues to urbanize, iron ore demand will remain robust, with prices staying in the $130 to $140 a tonne range for the next couple of years, says the executive VP of CFH Capital.
Now may be the time to take another look at iron ore companies as an investment, with many making major gains over the last 3 months.
Iron ore has had a pretty good run this year, but the market is awaiting an onslaught of new product from Australia, Brazil and India, which is likely to push the price down.
The world's second-largest iron ore producer is ramping up production and lowering its costs, which could threaten smaller producers of the steelmaking commodity.