Iron Market News Directory

Chinese Iron Ore Imports from Australia Rise

Mineweb reported that China’s iron ore imports from Australia rose 31.6 percent last year, hitting 548.4 million tonnes. The rise has been attributed to an increase in production by big miners — that has pushed prices down and eliminated some smaller suppliers.

Iron Ore to Hit $US58 a Tonne

Australian Mining reported that Citi has slashed its iron ore price forecast from $US65 a tonne to just $US58 a tonne for the present year.