Iron ore

Rio Tinto (NYSE:RIO) and Hancock Prospecting have announced on Tuesday a joint investment of $1.61 billion to develop the Hope Downs 2 iron ore project in Western Australia's Pilbara region. A 50-50 investment will drive a significant expansion of the long-standing Hope Downs Joint Venture between...

Iron ore could be set for further declines, according to Goldman Sachs, which reiterated its short case after concluding field research in China, the largest global consumer of base metals. The investment bank visited six private steel mills in the Beijing/Tangshan region, evaluating sentiment...

The global iron ore market could increase production over the next five years, with output surging as high as 2.92 billion tons by 2029. This trend could put additional pressure on leading exporters like Australia, whose currency has declined by around 20% against the U.S. dollar since 2015. Per...

Australian miner Mineral Resources (MinRes) (OTC:MALRF) has had its worst trading day since the Great Recession. Shares plunged 22.1% in Australia, wiping out nearly five years of stock gains. The stock slide was caused by a large drop in EBITDA and slashed fiscal 2025 production guidance. The firm...

Brazilian mining giant Vale (NYSE:VALE) has reported its highest annual iron ore production, reaching nearly 328 million metric tons in 2024, a 2% year-over-year growth. Despite a 4.6% decline in the fourth-quarter output, this production result is the best since 2018. “Vale’s...

Iron ore prices could remain subdued in the near future. Citi analysts see them hovering around $85 per ton by 2026, owing to incremental new supplies, rising inventories, and weak Chinese demand. “Not only has China's recent stimulus package fallen short of investor expectations, but the...

The leading global miner Rio Tinto (NYSE:RIO) has missed analysts' estimates, scoring weaker-than-expected third-quarter production across the board. Despite this short-term weakness, the company's $6.7b acquisition of Arcadium Lithium is unlikely to meet criticism, given the long-term potential...

Australian iron ore mining giant Fortescue (OTC:FSUMF) has hit the brakes on ambitious plans to transform into a green hydrogen leader. Management has announced an overhaul after a turbulent period that saw multiple senior executive departures. While iron ore still generates most of the company's...

Iron ore prices are on the rise, fueled by optimism about increased demand from China, the world’s top consumer of the steelmaking ingredient. The iron lift-off is welcoming for the Australian dollar (AUD), a currency heavily influenced by the performance of this key export commodity....

In a striking revelation by investment heavyweight Goldman Sachs (NYSE: GS), a crunch in the global iron ore supply is looming as the year winds down. The forecasted deficit arises from dwindling inventories and a decrease in production, according to CNBC. "Rather than...

BHP Group (NYSE: BHP) late Monday maintained its iron ore outlook. Production and Outlook BHP iron ore production for the third quarter increased 7% year-over-year to 60.03 kt with record production levels at Western Australian Iron Ore, the company said in a press release. BHP maintains the iron...

EXCLUSIVE: a fire at the Port of Dampier has damaged iron ore miner and exporter Rio Tinto's facilities. Iron ore exports from Dampier are likely to be severely disrupted. Iron ore prices will come under pressure, sources say, adding that dry bulk rates will "fall through the floor...

Australia's maritime officials are keeping a wary eye on the oceans around north west Australia as Cyclone Wallace menaces the Pilbara-region coastline. The harbour master for Port Walcott directed that the port be cleared. However, it was a narrow miss for iron ore export facility, Port...

Major Australian miners BHP and Rio Tinto have both revealed that they were adversely affected by the recent category four Cyclone Veronica and that they have suffered iron ore production losses. Cyclone Veronica, a severe storm with very destructive winds and large volumes of rainfall, swept...