Iron Ore Ship Disabled in Brazil
CNBC reported a South Korean-owned carrier chartered by Vale SA (SAO:VALE5) is disabled in a Brazilian port and loaded with iron ore.
CNBC reported a South Korean-owned carrier chartered by Vale SA (SAO:VALE5) is disabled in a Brazilian port and loaded with iron ore.
Mining Weekly reported Iron-ore prices will probably soften further in the short-term, says Kumba Iron Ore (JSE:KIO) CEO Chris Griffith.
Bloomberg reported OneSteel Ltd. (ASX:OST) said iron-ore prices will further rise next year as inventories in China remain low.
Reuters reported iron ore exports from India could fall a third to 65-70 million tonnes in the year to March 2012.
Reuters Africa reported iron ore may stretch its winning streak to a third week, supported by Chinese buying interest and tight supply.
The Street reported a recent decline in Chinese steel stockpiles could be a boon for beaten-down dry-bulk stocks.
Bloomberg reported steelmaker demand for iron ore is weakening, threatening to end the most profitable shipping rates in almost a year.
Reuters reported with demand from top buyer China still weak, global iron ore prices are not expected to recover in the next few weeks.
ProspectingJournal.com reported China has recently pushed into West Africa to gain better control over iron ore supply.
SMH reported BHP Billiton (NYSE:BHP,ASX:BHP) has revealed its growth ambitions for Pilbara iron ore are big.
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