Asian spot market prices for nickel ore, nickel pig iron, and stainless steel showed resilience. Meanwhile, over 50 countries have expressed interest in discussing trade policy adjustments with the U.S. government. The impact of the introduction of reciprocal US tariffs last week has affected the nickel and iron ore market, with spot market prices for […]
Fenix Resources has awarded MACA the mining contract for Beebyn-W11, its new iron ore mine in Western Australia’s Mid-West region. The contract covers drill and blast, ore extraction, and crushing and screening operations, with on-site mobilization scheduled to begin in the June quarter, marking a key step in the development of Fenix’s Beebyn- W11 project, […]
Recent statements highlight the Middle East and North Africa’s (MENA) potential to take the lead in the global industry’s shift toward green iron and steel, according to the Institute for Energy Economics and Financial Analysis (IEEFA). Libya has announced plans to become a supplier of direct reduced iron (DRI) in the Mediterranean basin and beyond unveiling […]
Dalian iron ore futures ended a four-day winning streak on Monday as rising levies on Chinese steel weakened demand prospects for the crucial steelmaking ingredient. However, the decline was tempered by decreasing portside inventories in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) closed 0.77% lower at 832.5 yuan ($114.95) […]
According to commodity analysts Kpler, China, the world’s biggest buyer of iron ore, is expected to import 99.5 million metric tons of the key steel raw material in January. China’s imports of iron ore and seaborne coal are on track for a soft start to the year, with January arrivals declining to multi-month lows, says […]
UAE-based clean energy leader Masdar (Abu Dhabi Future Energy Company) and ADX-listed steel and building materials firm EMSTEEL announced on Monday that they have completed a pilot project showcasing the production of green steel using green hydrogen. The firm is using green hydrogen to extract iron from iron ore as per the official statement. The […]
