| Commodity Market News |
Rio Tinto upbeat on iron ore despite global fears
27 May 2010
Global miner Rio Tinto had predicted in Nov 2010 of strong iron ore demand to continue and gave an upbeat outlook for aluminium, defying sharp slides in commodity prices and fears of a double-dip global recession.
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One iron ore price spells more chaos in China market
04 March 2010
China, the world's largest consumer of iron ore, is pushing for a "unified price" to rein in its chaotic market in the commodity, but its woes stem from a long conflict between state-owned mills and private operators.
The China Iron and Steel Association, best known for its dramatic failure to wring price concessions from global miners in 2009, has been lobbying since last summer to fix strict "guidance" prices on iron ore and thin out licensed importers.
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Iron ore exports up in November
06 January 2010
India exported 10.6 million tonne of iron ore in November up from 8.5 million tonne.
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Rio Tinto: China iron ore demand remains strong
03 November 2009
Rio Tinto Ltd, the world's second-largest iron ore miner, said Chinese demand for iron ore remains strong and major producers are unlikely to meet all the demand.Some analysts are still seeing a very robust market in China.
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Iron ore exports fall 25%
17 September 2009
Iron ore exports probably fell 25 percent in the first two weeks of September because of increasing royalty and transportation charges and lower demand from China.
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China H2 ore imports to fall 21 pct, prices to stay firm
28 July 2009
China's appetite for overseas iron ore may drop by a fifth in the second half after record buys in the first half, as high spot prices encourage the reopening of idled domestic mines. The world's top steelmaker will import 236 million tonnes in the second half, an average of eight analysts polled showed, down from 297 million tonnes in the first half, with inventories twice as high as normal also weighing on purchases.
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No curb on iron ore export
23 July 2009
The government on Wednesday said there would be no restriction on export of iron ore, as there is surplus of the mineral in the country even after its export
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China iron ore import price goes up
30 June 2009
Cash prices for iron ore imported by China, the world’s biggest buyer, increased 3.3 per cent to the highest in more than four months.
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China iron ore import price goes up
30 June 2009
Cash prices for iron ore imported by China, the world’s biggest buyer, increased 3.3 per cent to the highest in more than four months.
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Indian iron ore firms sweat over tax hike prospects
27 June 2009
India's iron ore industry, spooked by government talk of higher royalty payments that threaten to drive up costs, may face a tougher challenge still -- a bigger export tax if prices or exports start to rise. A larger tax would inevitably tighten the Chinese market, particularly after India replaced Brazil as the No. 2 iron ore exporter to China, which is looking to step up imports this year to make up for decreasing domestic output.
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