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Category Archives: Iron ore prices
Iron ore boom: demise greatly exaggerated
Earlier this month China’s the National Development and Reform Commission gave the nod to more than one trillion yuan (about $1.4 billion) worth of iron ore-hungry infrastructure projects. There is a lag time of three to six months between … Continue reading
The non-existent iron ore floor
Unless you swallowed LSD or live in an earthquake zone, then you probably didn’t actually feel the floor move. But in the iron ore market, it certainly has. At last glance the price per tonne had slid comfortably below … Continue reading
Posted in Iron ore exports, Iron Ore mining, Iron ore prices, Uncategorized
Tagged Iron ore prices
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Magnetite – the unfolding iron ore story
It often surprises investors from outside the iron ore producing community that magnetite contributes only around 30% to total global steel production – and below 5% in Australia. With the world’s iron ore producing nations predominantly split into two camps … Continue reading
Posted in China, Iron Ore mining, Iron ore prices, Steel market
Tagged china, iron ore, magnetite
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Iron ore & the $80 trillion pie
Plenty of words have been used on the demise of iron ore and the mining boom but whatever way you look at it, they are not going away. The wave of urbanisation sweeping China, as well as India and Africa, … Continue reading
Evidence for the prosecution of iron ore supply and demand
Witnesses in the iron-ore market report seeing two men fitting the descriptions of BHP Billiton chief executive Marius Kloppers and chairman Jac Nasser walking briskly away from a bleeding corpse. The victim was the five-year, $80 billion capital expenditure program … Continue reading
Posted in China, Iron ore exports, Iron Ore mining, Iron ore prices
Tagged china, iron ore
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China puts the irony into iron trading
Courteously, all of the big three iron ore miners – Vale, Rio Tinto and BHP Billiton – had signed up to the China Beijing International Mining Exchange (CBMX) by the time of its launch earlier in May, if only through gritted teeth. … Continue reading
Posted in China, Iron ore exports, Iron Ore mining, Iron ore prices
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Goliath’s David hit by his own rock
Iron ore boss David Ashby could not have envisaged last week, when he forecast Chinese demand for iron ore “flattening out”, that his 25-year career at BHP Billiton would suffer the same fate this week. His “resignation” was a bitter pill … Continue reading
Posted in China, Iron ore exports, Iron Ore mining, Iron ore prices
Tagged china, iron ore
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Chinese whispers
At the informal briefing BHP Billiton’s Ian Ashby gave reporters at the Global Iron and Steel Conference in Perth last week, he discussed a wide range of issues on the general state of the market, including the changing nature of … Continue reading
Posted in China, Iron ore exports, Iron Ore mining, Iron ore prices
Tagged china, iron ore
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Making sense of contradictory signals
The educated forecasts on the future direction of the iron-ore market seem to differ widely and, often, contrastingly, but the general consensus of those best placed to know is that demand will continue to grow for the foreseeable future – … Continue reading
Posted in China, Iron ore exports, Iron Ore mining, Iron ore prices
Tagged china, iron ore
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Chinese puzzle
Iron ore prices have been running strongly since October and defying the pessimism building around Chinese demand. And the more they run, the more they are polarising analyst expectations. Since hitting a 22-month low in October, iron ore, which is … Continue reading