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China’s big move to cut off Australian iron ore
Beijing is spending big in order to “de-risk” itself from Australia in a move that could cripple Aussies.It’s remote. It’s inaccessible. It’s poor quality. But Beijing is determined to spend big on a Sahara Desert mine to “de-risk” itself from... Read more
iRON oRE › Here are the iron ore and lithium price forecasts through to 2027
There are two commodities that get a lot of attention from Australian investors – iron ore and lithium.Hundreds of billions of dollars are invested in companies with exposure to these metals. As a result, their prices can have a big impact on the... Read more
Pig Iron › Global pig iron production increased by 2.8% y/y in February 2024
Global pig iron production in February 2024 increased by 2.8% compared to the same month in 2023 – to 115.35 million tons. The figure increased by 2.7% compared to January. This is reported by Ukrmetalurgprom with reference to the data of the... Read more
Iron Ore › Iron ore slips on slower than expected China demand recovery
Dalian iron ore tumbles over 3.5%Singapore benchmark falls more than 4% to a one-week lowCoking coal, coke down over 3%Steel benchmarks slide on lower raw materials, tepid demandUpdates closing pricesBEIJING, March 26 (Reuters) - Iron ore futures prices fell on Tuesday, amid... Read more
Aluminum › USA - Southeast Missouri aluminum smelter curtailment poses challenges for local economy, national industry
The recent closure of the Magnitude 7 Metals aluminum smelter in the small town of Marston in southeast Missouri has created uncertainty for both the local region and the U.S. aluminum industry.The plant, formerly owned by Noranda Aluminum, first opened... Read more
Aluminum › USA - Unified Aluminum Industries Call for Creation of North American Aluminum Trade Committee
Committee would help formalize collaboration between North American industries, governmentsThe Aluminum Association, Instituto Mexicano del Aluminio and the Aluminium Association of Canada called for the creation of a North American Aluminum Trade Committee (NAATC) in a letter to trade officials in Canada,... Read more
Iron Ore › China is planning to break its dependency on Australia and Brazil for iron ore. Africa is the key
China has a number of iron ore projects in the works in Africa as part of its ‘foundation plan’ to de-risk its supply of the mineralFor now, the country relies heavily on Australia and Brazil, which supply the vast majority... Read more
Copper › ‘Copper’s time is now’ as traders switch from iron ore
Diverging prices for two of Australia’s key exports has triggered a rotation across commodity markets, with traders being told to abandon their love affair with iron ore and jump on the copper bandwagon.Copper prices surged nearly 6 per cent last... Read more
Iron Ore › Global iron ore prices fall to 6-month low
As of March 13, iron ore quotations on the Dalian Exchange amounted to $112.29/t, and on the Singapore Exchange – $103.45/t.May futures for iron ore, the most traded on the Dalian Commodity Exchange, for the period March 6-13, 2024, fell... Read more
Aluminum › North American Aluminum Demand Down 3.9% in 2023, Driven by Decline in Imports
Data Shows Early Signs of Demand RecoveryAs part of its monthly Aluminum Situation statistical report, the Aluminum Association released preliminary estimates showing a 3.9% contraction in year-over-year demand for the aluminum industry in North America (shipments by producers in the U.S. and... Read more
