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Iron ore prices have suffered their worst week for nearly 18 months amid signs that the two factors needed for a sustained correction may be coming into play – Chinese steel producer discipline ...
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· China's bullying tactic is finally ching up with Australia's iron ore industry, sending the commodity's price plummeting on Friday. Iron ore prices are down by about 30 per cent since ...
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· A ban on steel exports is one way China might achieve it's aim of reducing the price of iron ore and delivering a fresh blow to its tradewar target, Australia.
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· Each mill measures about 12 metres in diameter and has an internal volume of 1,220 cubic metres. As the AG mill turns, the ore crushes against itself and breaks apart. From the AG mills, the ore travels to the primary magnetic separators where the iron is drawn away from the waste material before it's screened and fed into the ball mills.
· China depends heavily on iron ore imports, with around 80 percent of the supply currently coming from abroad. In light of this, a group of scientists has set the goal to increase selfsufficiency in iron ore. The main reason behind China's dependency on imported iron ore is that the country's iron ore is relatively lowgrade and expensive to process. Ever since 35yearold Sun Yongsheng ...
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· The iron ore price surged to a record per tonne Wednesday as strong Chinese demand continued to outpace supply, but analysts are not entirely convinced the price run has legs.
Iron ore, a crucial source of profits for some of the world's biggest miners, hit a record high of almost 230 a tonne this week as Chinese steel mills cranked up production to make the most of ...
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