Iron ore demand is increasing among Chinese steel makers and the CISA lead boycott is simply not credible. Iron mining companies recognize this and will not relent from their position, which grows stronger every day that global demand recovers and ore prices rise.
The cash price for Australian iron ore delivered to China, the world’s leading purchaser, slumped 9.3 percent after Chinese steel prices dipped. Mark Pervan, senior commodity strategist at Australia & New Zealand Banking Group Ltd., stated: The steel market is overheated. For full story, click here
Chinese iron ore trader Minmetals Group’s ore project in Anhui province has deposit potential of up to 155 million tons worth nearly 50 billion yuan, Caijing Online reported yesterday. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
The spot prices of Indian iron ore fines for exports surged by another 1% on July 30th 2009 breaching the psychological barrier of USD100 per tonne CNF Chinese port. For full story, click here
Securities Daily declared that Chinese spot ore imports price has posted relentless upswing fueled by a rebound in the economy. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
Private Chinese metals company Xiyang Group has planned to develop a huge Russian iron ore mine from April 2010. For full story, click here
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