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Rio Tinto Unfazed by Falling Iron Ore Prices, Says CEO
Global miner Rio Tinto, which gets 92 percent of its revenue from iron ore, is unfazed by the drop in ore prices and sticking to plans to raise output, chief executive Sam Walsh said. |
Lower Prices, Not China Demand, the Cause of Iron Ore Oversupply
One of the recurring themes in iron ore’s precipitous decline this year has been the weak state of Chinese demand. The problem with this is that it simply isn’t true. |
Yen Depreciation Had Impact to Respective Items and Maked Customers Take Wait-and-See Attitude
The market continued to pick up till mid-October after China National Day. However, it turned to a slightly declining trend at the moment. Albeit the production cost in the southern region as a main producing area was up from September, the accumulated stock t... |
FeV Price Maintained Steady at Home and Abroad (Nov 3rd -7th)
[Ferro-Alloys.com]Chinese FeV stabilized at RMB78,000-79,000/mt (USD12,786-12,950/mt, export duty excluded) by acceptance. In late month, major steel mills launched intensive tenders, but transaction price showed downward trend, concentrating on the range of R... |
China EMM Market Went Downward (Nov.3rd –Nov.7th)
In the manganese triangle area, mainstream ex-work price of manganese flake dropped from RMB12800-13000/mt (USD2065-2097/mt) to RMB12700-12900/mt. |
Chinese FeMo Price Stabilized, While Overseas Moly Market Recovered (Nov 3rd -7th)
[Ferro-Alloys.com] Chinese FeMo was offered at RMB94,000-95,000/mt (USD15,409-15,573/mt, export duty excluded) by acceptance. Last month, steel mills launched intensive tenders, but bids were lower than expected. At the beginning of this month, still some mill... |
Cored Wire Market Was still Stable-China (Nov.3rd –Nov.7th)
Spot supply of calcium metal was no longer in shortage and market price decreased again. In Shanxi and Henan Province, the major producing areas of |
Mg Prices Kept Declining in China(November3rd–November7th)
This week magnesium ingot prices kept declining in China. Some Shanxi and Shaanxi producers reduced production and Ningxia producers kept normal operation. |
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