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Iron ore prices have remained rangebound recently amid slowly recovering downstream demand and bullish macro policies to boost the real estate. As such, iron ore prices stood at 829 yuan/mt as of closing May 17, up 0.91%.
China Iron and Steel Association (CISA) has announced to increase domestic mineral production by 100 million tons with five years in a bid to reduce dependence on imports. The CISA said the plan which is aimed at ensuring guaranteed resource supply has been reported to four ministries for approval. The plan has proposed to effectively ...
"The whole China ferrous futures complex is reacting zealously to reports that the country is contemplating exiting its 'zero-tolerance' stance towards covid-19."
China plans to raise its equity output of iron ore in overseas mines to 220 million tonnes by 2025 as well as increase domestic raw material supplies, state-backed China Metallurgical News said. China aims to “fundamentally” solve the shortage issue in steelmaking ingredients in 10-15 years, Luo Tiejun, the vice-chairman of the China Iron and ...
Australian shares are set to follow overseas counterparts lower as oil’s rise renewed inflation worries. Iron ore reaches for $US145 a tonne.