As China continues to urbanize, iron ore demand will remain robust, with prices staying in the $130 to $140 a tonne range for the next couple of years, says the executive VP of CFH Capital.
Articles Tagged "china"
Reuters reported that Shanghai rebar futures fell to their lowest in almost three weeks on Monday. Iron ore futures also retreated, closing down 0.3 percent at 932 yuan a tonne.
The head of China's largest iron ore customer told Australian Trade Minister Andrew Robb that the mining boom is not over and that demand for ore will remain strong, The Australian reported.
MINING.com reported that the price of iron ore jumped to a three-week high on Monday, after Chinese imports of the steelmaking raw ingredient hit new record highs.
The Vancouver Sun reports that China's Dalian Commodity Exchange will start trading the country's first iron ore futures for physical delivery this week.
China’s Tianjin Materials & Equipment Group Corp. paid $990 million to secure a 17 percent investment in a Sierra Leone iron ore mine, Bloomberg reported.
Charter rates for ships carrying iron ore reached a 33-month high due to rebuilding inventories in China Bloomberg reported.
Global Times reported that Australian iron ore exports to China increased 9 percent from July.
Reuters reports that iron ore rose for the first session in four as Chinese steelmakers ramped up production.
Reuters reports that spot iron ore is expected to breach $140 a tonne this week due to brisk steel demand from China.