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Critical Minerals

Iron ore boom of the 2000s repeating – this time with critical metals

February 23, 2024 Mariel Alumit

  A headline published in The Age back in July 2003 reads: “[Andrew] Forrest has a grand $1.2bn plan for tiny Perth mining company.” That company was called Allied Mining and Processing and you’ve probably never heard of it. But […]

Iron
Critical Minerals

Iron ore price falls on China warning, production controls in Tangshan

March 20, 2023 Mariel Alumit

​The iron ore price fell on Monday after China’s state planner issued another warning against speculation in the market and fresh production curbs were imposed in major Chinese steel cities. China’s National Development and Reform […]

Iron
Rare Earth Minerals

Iron ore price falls as China plans to cut steel production

March 16, 2023 Mariel Alumit

​ Iron ore prices fell on Thursday as China reported a plan to again cut annual crude steel production this year. Benchmark 62% Fe fines imported into Northern China retreated 2.51%, to $129.88 per tonne. […]

Rare Earth Minerals

Iron ore price rises on improving China steel margins

March 13, 2023 Mariel Alumit

​ Iron ore price climbed on Monday as improving profitability of steel mills and demand outlook in China lifted sentiment. Benchmark 62% Fe fines imported into Northern China rose 2.25%, to $132.51 per tonne. The […]

Iron
Rare Earth Minerals

Iron ore price falls on production curbs in China

February 27, 2023 Mariel Alumit

​ Iron ore prices extended losses on Monday on concerns over near-term weaker demand, after steel production hub Tangshan was required on Saturday to shutter some capacity in response to heavy pollution. Tangshan’s government said […]

Rare Earth Minerals

Iron ore price drops on Chinese demand fears

February 13, 2023 Mariel Alumit

Iron ore prices fell on Monday as mounting steel stocks and rising portside iron ore inventory indicated a slow recovery in demand from China. Benchmark 62% Fe fines imported into Northern China fell 2.82%, to […]

Iron
Rare Earth Minerals

Iron ore price at 2-week low as traders reassess demand prospects in China

February 2, 2023 Mariel Alumit

​The iron ore price fell to a two-week low on Thursday as traders reassessed demand prospects in China. Iron ore and steel prices in China hit multi-month highs in January as markets rallied from early […]

Rare Earth Minerals

Naskapi Nation, Iron Ore Company of Canada sign socio-economic “Aganow” agreement

February 1, 2023 Mariel Alumit

​The Naskapi Nation of Kawawachikamach and Rio Tinto subsidiary Iron Ore Company of Canada (IOC) have signed an agreement to establish a mutually beneficial relationship based on dialogue, collaboration and trust between the company and […]

Canada
Rare Earth Minerals

Iron Ore Company of Canada donates 34 hectares of land to Labrador City

January 20, 2023 Mariel Alumit

​Rio Tinto (ASX: RIO) subsidiary The Iron Ore Company of Canada (IOC) and Labrador City have signed an agreement whereby IOC will donate 34 hectares of land valued at approximately C$4.2 million ($3.1m) to the […]

Iron
Critical Minerals

Iron ore price rises while China warns against speculation

January 18, 2023 Mariel Alumit

​The iron ore price rose on Wednesday as investors bet on surging demand for the steel ingredient as China’s economy reopens. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing […]

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