Metals

Latest news from the commodity market. Updates on commodity trading, prices and futures news.

Metals

February 24, 2021

Chinese Iron ore imports hit record in 2020

China’s iron ore imports hit a record 1.17 billion metric tons in 2020, with the average import price up 7.3 percent year-on-year to $101.7 per...

February 17, 2021

BHP sees robust China demand, declares dividend bonanza

BHP Group on Tuesday reported its best first-half profit in seven years and declared a record interim dividend, as top metals user China’s strong appetite...

February 12, 2021

Iron ore imports outside China show signs of recovery

The iron ore market is focused mainly on developments in China, which isn’t surprising given the world’s biggest buyer of commodities takes about 70% of...

February 11, 2021

Dalian iron ore hits three-week high on China demand hopes

Dalian iron ore jumped to its highest in three weeks on Wednesday and was set for a weekly gain of more than 5%, buoyed by...

Cranes unload imported iron ore from a ship at a port in Rizhao, Shandong province, China, December 6, 2015. REUTERS/Stringer

February 5, 2021

Seaborne iron ore spot demand returns to current month cargoes ahead of holiday

A marked shift in preference towards current month pricing for iron ore cargoes over those priced on a forward month basis has emerged ahead of...

February 4, 2021

China iron ore futures fall as Brazil supply prospects brighten

Dalian iron ore futures fell on Wednesday on rising shipments from the world’s biggest suppliers of the steelmaking ingredient, including Brazil, and weakening demand in...

February 3, 2021

China starts 2021 with robust imports of major commodities

China’s imports of major commodities are expected to show strong growth in January data, a reflection more of short-term factors, however, that are topping off...

A cargo ship is loaded with coal during the opening ceremony of a new dock at the North Korean port of Rajin July 18, 2014. REUTERS/Yuri Maltsev/File Photo

February 2, 2021

Dalian coking coal hits two-month low as China demand falls, supply woes ease

China’s coking coal futures slumped to their lowest level in two months on Monday, dragged by weakening demand for the raw material and easing concerns...

January 26, 2021

Dalian iron ore futures trade range-bound as steel demand drops

Benchmark iron ore futures in China were trading in a narrow range on Monday, following a fifth straight weekly drop in mills’ utilisation rates, although...

January 22, 2021

China iron ore rises as key supplier Australia braces for potential cyclone

Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in...

January 21, 2021

China bought most iron ore from Australia, Brazil in 2020, but imports from India up nearly 90%

Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88% as Chinese mills...

January 20, 2021

Iron ore may lose steam as supply rises, China demand growth eases

Iron ore has started 2021 in much the same fashion as it spent most of last year, moving higher and adding to a rally that...

January 15, 2021

China 2020 iron ore imports hit record on robust post-virus demand

China’s iron ore imports hit a record high in 2020, jumping 9.5% from a year earlier as the country beefed up spending on infrastructure to...

January 13, 2021

Norway eyes sea change in deep dive for metals instead of oil

Norway’s oil and gas reserves have made it one of the world’s wealthiest countries but its dreams for deep-sea discovery now center on something different....

December 29, 2020

China coking coal futures rise for third day on supply worries

Chinese coking coal futures extended gains into a third session on Monday, jumping as much as 6.2% as lower imports, sliding inventories and mines starting...