Metals

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

Metals

December 1, 2020

Dalian iron ore marks best month since May on strong China demand

Iron ore futures extended gains on Monday, with the benchmark Dalian contract seeing its biggest monthly rise since May, as upbeat economic indicators in top...

A cargo ship is loaded with coal during the opening ceremony of a new dock at the North Korean port of Rajin in this July 18, 2014 file photo. South Korea said on March 8, 2016 it would impose new sanctions against 40 individuals and 30 entities because of suspected links to North Korea's weapons programme and would ban vessels that had stopped at North Korean ports in the past 180 days. REUTERS/Yuri Maltsev/Files

November 17, 2020

Australian coal exports to China slump, but prices are mixed

China’s unofficial ban on coal imports from Australia is starting to take its toll on volumes, with departing cargoes down sharply so far in November....

November 16, 2020

Vale & Chinese Port Sign Major Iron Ore Storage Deal

Brazil’s Vale and China’s Ningbo Zhoushan Port have signed a deal to invest around 4.3 billion yuan ($650.6 million) in iron ore storage and processing...

November 11, 2020

China coal imports show the pain goes beyond just Australia

China’s coal imports plunged in October to the lowest this year, with supplies from Australia particularly hard hit amid an ongoing political dispute. However, there...

November 9, 2020

China October iron ore imports dip

China’s iron ore imports slipped 1.7% in October from a month earlier, but still hovered well above 100 million tonnes, official customs data showed on...

November 5, 2020

China’s iron ore market appears in supply-demand sweet spot

Iron ore appears to have settled into something akin to a comfortable equilibrium, with Chinese stimulus spending keeping demand high, but supply from Australia and...

FILE PHOTO - The headquarters of of mining company Vale SA is pictured, in St-Prex, Switzerland January 30, 2019. REUTERS/Denis Balibouse

October 30, 2020

Vale nearly doubles net profit as output recovers

Brazilian miner Vale SA on Wednesday reported that its third quarter net profit nearly doubled, as the company boosted iron ore production and inventories following...

October 20, 2020

Dalian iron ore hits 3-week low as China port stocks pile up

Dalian iron ore futures dropped to a three-week low on Monday as China’s rising portside inventory and a bleak outlook for domestic steel demand during...

October 15, 2020

China coal import measures unlikely to extend to iron ore: sources

Chinese and international steel market participants do not expect Australian iron ore to be subject to import restrictions such as those impacting Chinese imports of...

October 14, 2020

China’s iron ore imports boosted by Brazil, Australia supplies

China’s iron ore imports in September rose thanks to a combination of a supply lift from major miners and easing port congestion, with the coming...

October 13, 2020

Vale agrees deal with China port operator to expand iron ore handling capacity

Vale informs that its Board of Directors approved the establishment, by its subsidiary Vale International S.A., of a Joint Venture with Ningbo Zhoushan Port Company...

October 7, 2020

Iron ore prices to remain higher for longer: Treasury

Iron ore prices are expected to remain higher for longer according to Treasury consultation that says Chinese hunger for Australia’s most valuable export will counter...

October 6, 2020

Iron ore outlook is finely balanced as supply picks up, China demand holds up

The price of iron ore is increasingly poised between a recovery in supply from exporters and still-robust demand from top importer China on the back...

September 30, 2020

Iron ore extends gains as Vale halts Viga plant operations

Iron ore futures rose on Tuesday after miner Vale S.A. said it was suspending operations at a concentration plant in Brazil, though trading was subdued...