The Latest Breaking News from iron ore

The Australian share market lost ground weighed down by heavyweight miners after iron ore prices tumbled. Rising business inflation and lower profits at big Wall Street banks weighed down US stocks.

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Iron ore prices have remained volatile since hitting a record high in May 2021. With uncertainties persisting on both the supply and demand side, price fluctuations look set to continue.

Hoa Phat Group is keen to buy other mines to meet the needs of its steel mills in Vietnam.

Morgan Stanley has decided to maintain its Equal-Weight rating of Vale (NYSE:VALE) and lower its price target from $22.00 to $16.00. Shares of Vale are trading down 2.14% over the last 24 hours, at $14.17 per share. A move to $16.00 would account for a 12.91% increase from the current…

A landmark inquiry into Australia’s mining sector has uncovered dozens of shocking cases of sexual harassment and abuse of women workers at companies including BHP Group and Rio Tinto Group.

Row escalates over Vilnius’s refusal to allow steel and iron ore to cross Russian exclave of Kaliningrad

Partners in Guinea's Simandou iron ore mine have 14 days to finalise a joint venture, interim president Mamady Doumbouya said at a meeting with the miners, Rio Tinto and Chinese-backed Winning Consortium Simandou (WCS) on Friday.

FICCI Odisha State Council chairperson Ranjan Naik said the State was transitioning from an economy of iron ore to steel, and coal, bauxite to aluminium with a host of value-added products.

Bengaluru

Beijing hopes bulk purchases will secure lower prices for steel sector that is world’s biggest ore consumer