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While low prices led to closure of more than a third of Chinas iron ore capacity since 2013, Pan expects nearly half of those mines to restart - if the price stays above 80 for another six months.
Sep 10, 2015 The benchmark price of iron ore imported by China has plunged 69 percent from a peak of 191.70 a metric ton in February 2011 to 59.01 on Thursday, heading for a third straight annual loss ...
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Feb 23, 2016 The surge pushing iron ore prices back above 50 a metric ton has failed to shake BHP Billiton Ltd.s view that prices will stay low as supplies swamp the market and Chinas slowdown hurts demand.
The 1.2 billion tonne-a-year seaborne iron ore market, with two-thirds of shipments going to the mainland, is expected to see more low-cost supply, as the 55 million tonne-a-year Roy Hill mine
Mar 22, 2017 Iron ore is the second most traded commodity in the world after crude oil. However, despite an extensive seaborne iron ore trade totaling around 1.5 billion metric tons annually, it is dominated ...
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Dec 30, 2020 Benchmark iron ore futures in China fell as much as 6 after the government says it will resolutely cut production of crude steel and ensure it falls YY in 2021, in an effort to promote low ...
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Oct 02, 2018 Art Lind has been involved in the mining industry in various capacities since the early 1960s, when he went to work for a company that repaired conveyor belts used by the mines on the Iron Range.
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Vale VALE -3.5 says it expects to produce 315M-335M metric tons of iron ore in 2021, missing a previously lowered 2020 target of at least 310M mt
Feb 19, 2021 The gold miners stocks have had a tough week, sinking to marginal new correction lows. So far this is a technical retest, driven by a parallel one in gold. While uncommon and unpredictable ...
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