Iron Market News Directory

China Iron Stockpiles Overestimated: Macquarie

Bloomberg reported that although iron prices have been falling on weak economic growth from China, a report from Macquarie Group Ltd. (ASX:MQG) suggests the metal could be slated for a price rise.

Knights Templar Cartel Leader Finally Dead

Mineweb reported that Nazario Moreno Gonzalez, leader of the Knights Templar cartel, which has been in the news lately for illegally exporting iron ore, was killed on March 9. He had previously been reported dead in December 2010.

Mexico Takes Stand Against Iron Ore Smuggling

Mineweb reported that on Monday, the Mexican government began a "major crackdown" on the Knights Templar drug cartel's illegal iron ore smuggling activity. Mining is reportedly one of the group's main sources of income.