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MARKET MOVEMENTS: -- Brent crude oil is down 0.5% at $78.45 a barrel. -- European benchmark gas is down 4.4% to EUR41.60 a megawatt hour. -- Gold futures are...
It has been a difficult time for S&P/ASX 200 Index (ASX: XJO) lithium shares. But one expert suggests investors should keep the faith.
Iron ore price surges as steel rally fires up demand Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years. Expectations are building that benchmark prices can get to $200 a tonne — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein in output to control the industry’s carbon emissions. Benchmark 62% Fe fines imported into Northern China (CFR Qingdao) ...
MONEYWEB app instead? As the biggest miners struggle to keep up with the frenzied pace of demand. By Annie Lee, Bloomberg 5 May 2021 11:31 Image: Simon Dawson/Bloomberg A surge in steel consumption as the world emerges from its pandemic-induced slump is set to drive iron ore to an unprecedented high as the biggest miners struggle to keep up with the frenzied pace of demand. Expectations are building that benchmark prices can get to $200 a ton — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein ...
Iron ore price surges as steel rally fires up demand Stock Image Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years. Expectations are building that benchmark prices can get to $200 a tonne — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein in output to control the industry’s carbon emissions. Sign Up for the Iron Ore Digest Sign Up