Category: Iron News

Iron News and Analysis from varies commodity news media, we summarize all Iron news into a sitemap summary with link to related Iron News for the one who wanted to catch up Iron price change in timely manner.

China the elephant in the room

China looms large over BHP’s future in both the dividend boost it will provide thanks to the booming iron ore earnings.

FTSE 100 flat as stronger pound weighs; miners jump

Article contentUK’s blue-chip FTSE 100 was unchanged on Wednesday as a stronger pound offset gains in miners that rose after BHP Group’s upbeat output forecast and U.S. stimulus bets, with investors eyeing Joe Biden’s inauguration as U.S. President later in the day.BHP Group Ltd climbed 1.1% after it forecast record iron ore production for fiscal 2021, helped by high prices for the commodity. Other miners Rio Tinto, Anglo...

China’s iron ore imports from India rose nearly 90 per cent in 2020, with purchases from Australia …

Australia and Brazil, the world’s two largest iron ore producers, remained China’s top suppliers in 2020, but imports from India soared 88 per cent as Chinese mills diversified sources amid sky-high raw materials prices.Australian shipments rose 7 per cent to 713 million tonnes, while Brazilian supplies were up 3.5 per cent at 235.7 million tonnes, data from China’s General Administration of Customs showed on Wednesday.“The two countries’ rise could not fully meet China’s demand,” said Tang…

BHP and Rio rise above China-Australia tensions

TOKYO -- Australian resource giants BHP Billiton and Rio Tinto have increased iron ore production thanks to an infrastructure binge in China, a country that has otherwise been intent on slapping Australia with economic penalties."BHP delivered strong safety and operational performance in the first half of the 2021 financial year, including record production at Western Australia Iron Ore," BHP Billiton CEO Mike Henry said.The miner on Wednesday announced...

UK stocks edge higher as miners, Burberry shine

Article contentUK stocks inched higher on Wednesday as miners gained after a strong production forecast from BHP Group, while luxury brand Burberry jumped on its optimistic outlook for sales growth in Asia.BHP Group Ltd gained 1.5% after it forecast record iron ore production for fiscal 2021, helped by high prices for the commodity. Other miners Rio Tinto, Anglo American and Glencore rose between 1% and 1.5%.Burberry jumped 3.5%...

Indonesia stays China’s second-biggest nickel ore supplier despite export ban

Article contentIndonesia remained China’s second-biggest nickel ore supplier in 2020, Chinese customs data showed on Wednesday, despite the Southeast Asian country’s ban on exports of the material.Arrivals of Indonesian nickel ore into China totalled 3.4 million tonnes last year, the General Administration of Customs reported. That was down 85.8% from 2019 but still second only to the Philippines at 31.98 million tonnes, and ahead of New Caledonia in...

4 ASX shares picked for returns in 2021 by brokers and fundies

There are some ASX shares that have been chosen by brokers and fundies as picks to make returns in 2021. Brokers and fund managers work full time to try to find good stocks to pick. This article is about four of them: BHP is one of the top picks in the resources sector by James Gerrish from Market Matters. He said that the big resources ASX share is...

Why is the Fenix Resources (ASX:FEX) share price higher today?

The Fenix Resources Ltd (ASX: FEX) share price is trading nearly 2% higher at 26.5 cents a share today. The price bump follows the release of the company’s quarterly results. The company has experienced significant growth over the previous 12-month period with the Fenix share price powering up close to 400% higher. Here’s what we learned. Everyone is loving iron ore In its December quarterly activities report, Fenix...

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

Article contentBEIJING/NEW DELHI — 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 diversified sources amid sky-high raw materials prices.Australian shipments rose 7% to 713 million tonnes, while Brazilian supplies were up 3.5% at 235.7 million tonnes, data from China’s General Administration of Customs showed on Wednesday.“The two countries’ rise could not...

BHP slashes mine’s value as coal outlook darkens

However, BHP's exports of iron ore, by far its most valuable commodity, hit a new half-year record, the miner said on Wednesday, as China's demand for the steel-making ingredient soared and BHP's Jimblebar mine in the Pilbara performed strongly.BHP said it had produced 144 million tonnes of iron ore from mines in Western Australia over the December half and was aiming for between 276 million tonnes and 286...

As it happened: ASX adds 0.4% to close at 11-month high

The ASX 200 added 0.4 per cent on Wednesday to close at 6770.4, its highest since February 25 last year. BHP was strong, while Afterpay, Transurban, and Aristocrat Leisure banked solid gains.Nasdaq futures are up 0.4 per cent, the S&P 500 E-Mini is 0.1 per cent higher, and the Dow looks set to open flat as news filters through that outgoing president Donald Trump has pardoned his former...

BHP lifts iron ore production forecast after Brazil dam disaster mine restarts

The resumption of production at a mine that caused an environmental and human tragedy five years ago has boosted BHP’s full-year iron ore forecast.The mining giant reported on Wednesday it had achieved record production at its all-important iron ore mines in Western Australia during the first half of 2020-21.It also increased its full-year output guidance for the steelmaking commodity to between 245 and 255 million tonnes as a...
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