On Thursday, iron ore prices hit rock bottom due to slow purchases by traders after Beijing, China has resolved to heal the Chinese economy, which means decrease in demand for iron (Fe) in producing steel. London Commodity Brokers is quoted in a report: “There is no sign of a pick-up in the physical market.” Click [...]
Continue reading "Iron Ore Price Hit Rock Bottom In China"
Tuesday, September 29, 2009
Minerals Corporation Limited of Wuhan Iron and Steel (Group) (WISCO) has acquired 65 million common shares of Consolidated Thompson Iron Mines Limited (TSX: CLM). The shares were acquired by way of private placement for an aggregate subscription price of C$ 28,748,227.20 or C$ 4.40 per share. The shares were acquired for investment purposes only. For [...]
Continue reading "WISCO acquires Consolidated Thompson shares"
Friday, April 24, 2009
India’s iron ore prices remained flat last week with China demanding a low but steady flow of mostly low grade ores, even as its steel prices hit a five-month low. For full story, click here
Continue reading "India’s Iron Ore Price Flat, China buying steady"
Friday, April 24, 2009
As per Mr Yang Siming, board chairman of Nanjing Iron and Steel Group, iron ore benchmark price in this year can be settled every quarter on the basis of steel market performance and forecasts. For full story, click here
Continue reading "Chinese mills suggested quartely iron ore pricing"
Tuesday, March 24, 2009
Mining giant Rio Tinto Ltd/Plc announced that its proposed deal with Chinese state-owned Chinalco would not influence iron ore contract price negotiations for the year ahead. For full story, click here
Continue reading "Rio Tinto reported that Chinalco deal won’t affect iron ore talks"
Tuesday, March 17, 2009
By Kishori Krishnan Exclusive to Iron Investing News Rio Tinto Ltd. (LON:RIO) gave a gloomy assessment of global commodity markets Tuesday, saying there is unlikely to be much of a rebound this year and warning the downturn will continue to hit its profits. The downbeat outlook reinforces the company’s message that it needs to proceed [...]
Continue reading "Rio Tinto Deal with Chinalco in Australian Hands"
Thursday, February 26, 2009
By Kishori Krishnan Exclusive To Iron Investing News Ahead of contract talks, iron-ore miners are seeking a price rise. On the horizon is a firmer demand in China, which has ensured that despite concerns about the length and depth of the global recession, iron ore miners are pushing for as much as a 5 per [...]
Continue reading "Uptick From China Bolsters Hope for Iron"
Monday, February 23, 2009
Baffinland Iron Mines Corp (TSX:BIM) reported today on drill results from the 2008 drilling program. A total of 26 holes were reported on including cumulative 2,680 metres of 66% iron. Hole MR1-08-154 intersected a true width of more than 196 meters grading 66.5% iron. Baffinland has reported in the past that much of this is [...]
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Thursday, February 19, 2009
The Indian Steel Price Index exhibited nominal correction on February 19th 2009. The Indian Long Product Price Index (ILPPI) improved by 17 points whereas the Indian Flat Product Price Index (IFPPI) remained unchanged. For full story, click here
Continue reading "Indian Steel Price Index exhibited nominal correction"
Thursday, February 12, 2009
By Kishori Krishnan Exclusive to Iron Investing News The second week of February brings some cheer for the iron ore sector. There are very initial signs that contrary to analysts’ expectations at the start of the year of a drop of about 40 per cent in iron ore prices this year, improving sentiments may not see [...]
Continue reading "Improving sentiments help iron prices"
For upcoming iron ore investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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Friday, May 14, 2010