Iron Ore Swaps Rise
Reuters reported iron ore swaps volumes rebounded in the first half of May, after dropping to their lowest this year in April on the back of low volatility, brokers said this week.
Iron Market News Directory
Vale Sees Iron Ore Output Rising
Reuters reported Vale (SAO:VALE5) says iron ore prices will rise in the second half of 2012.
BHP Billiton Reconsiders Expansion
IBTimes reported BHP Billiton (NYSE:BHP) is rethinking its position on expansion as the company weighs what to do with $80 billion.
Iron Ore: Spot Iron Falls Near Three-Month Low
Reuters reported spot iron ore prices fell to their lowest in nearly three months on Thursday, knocked by limited buying interest from Chinese mills adjusting to weak steel demand.
Iron Ore: Slowing China Economy Clouding Demand
Reuters reported a slowing Chinese economy clouding the demand outlook in the world's top consumer and halting producers' buying interest for iron ore.
Alderon Iron Ore Oversold
Forbes reported Alderon Iron Ore Corp (NYSE:AXX) entered into oversold territory, changing hands as low as $2.45 per share.
Short Sellers Targeting Fortescue
SMH reported Fortescue (ASX:FMG) is targeted by short sellers on speculation iron ore stocks are a poor buy with China demand falling.
Weak Steel Market Weighs on Iron Ore
Reuters reported iron ore prices continued to fall on slow steel demand in China.
Rio Tinto Says Iron Ore Is Changing Australia’s Economy
SMH reported Rio Tinto (NYSE:RIO,TSX:RIO) said iron ore as an industry is changing the Australian economy.
Spot Iron Ore Dragging
Reuters reported Chinese low steel prices on Friday have investors doubting higher prices and dragged iron ore below $140 a tonne for the first time since February.
