Iron Market News Directory

New Report Suggests Iron Ore Not in Oversupply

Mining.com reported that iron ore price is driven by fines and are what makes up the bulk of supply, however a new report from Minerals Value Service points out that concentrate, pellets and lump output have remained fairly consistent since 2010, meaning there may not be as much oversupply in the market as previously suggested.

Iron Ore Price Gains as China Cuts Interest Rate

Mining.com reported that the price of iron ore price rose gapped on Monday after China made the third interest rate cut in six months following a sharp drop in the country's trade with the world in April.

ANZ Cuts Iron Ore Price Outlook

Australian Mining reported that ANZ has projected a pessimistic outlook for slashed iron ore price forecasts for the next two years as a result of expanded low-cost supply and stagnant demand.