Iron Investing News

Iron Ore: Slowing China Economy Clouding Demand

Melissa West — Wed, 16 May 2012 23:17:12 +0000

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

Melissa West — Wed, 16 May 2012 23:13:57 +0000

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

Melissa West — Wed, 16 May 2012 23:11:45 +0000

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

Melissa West — Mon, 14 May 2012 20:25:43 +0000

Reuters reported iron ore prices continued to fall on slow steel demand in China.

Champion Minerals Trading on the OTCQX

Melissa West — Mon, 14 May 2012 20:22:24 +0000

Champion Minerals Inc. (OTCQX:CPMNF,TSX:CHM) an iron ore exploration and development company, is now trading on the highest tier of the OTC market, OTCQX®.

Rio Tinto Says Iron Ore Is Changing Australia’s Economy

Melissa West — Fri, 11 May 2012 23:48:41 +0000

SMH reported Rio Tinto (NYSE:RIO,TSX:RIO) said iron ore as an industry is changing the Australian economy.

Spot Iron Ore Dragging

Melissa West — Fri, 11 May 2012 23:45:09 +0000

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.

MMX Plans to Invest in Iron Ore Mine

Melissa West — Fri, 11 May 2012 23:41:00 +0000

Reuters reported MMX Mineração e Metálicos SA (SAO:MMXM3) will invest $2.36 billion over two years to complete the Serra Azul iron ore project.

Advanced Exploration Announced Internal Review

Melissa West — Fri, 11 May 2012 23:37:29 +0000

Advanced Explorations Inc. (TSXV:AXI,FWB:AE6) announced it has completed an internal review of its projects and will release the results in July.

Iron Ore: No Sales

Melissa West — Wed, 09 May 2012 22:59:49 +0000

Reuters reported iron ore remained untraded in China on Wednesday.