Tag: iron ore price

This Morning in Metals: May MMO report; crude oil imports; IEA on critical minerals

This morning in metals news: MetalMiner released its May MMO report earlier this week; US crude oil imports from OPEC are down; and the International Energy Agency issued a report on clean energy and the expected surge in critical mineral demand. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help […]

Iron ore price reaches 10-year high but retraces after Five-Year Plan details

Seaborne iron ore prices hit a 10-year high this month at $178 per ton before profit taking. Investors bet on strong steel demand and robust consumption in top consumer China. Don’t miss the MetalMiner analyst team on March 24 at 10 a.m. CDT for a 30-minute metals market forecast and strategies to deploy in falling […]

Iron ore price falls, but is it a pause before further rises or the top?

Iron ore price falls, but is it a pause before further rises or the top?

An article in the Australian Financial Review (AFR) underlines the bullish narrative accompanying the iron ore price’s performance this year. “Chinese steel consumption has just blown consensus out of the water this year,” the report notes, citing analyst comments, adding, “The macro backdrop, in terms of China, is very strong for all commodity consumption, and […]

This Morning in Metals: E.U. Trade Commissioner Wants Deal on Aircraft Subsidies

This morning in metals news, E.U. Trade Commissioner Cecilia Malmstrom wants the U.S. to hold off on imposing tariffs in response to the long-running Airbus-Boeing subsidy saga, iron ore prices could continue to plunge and copper prices dipped again Tuesday. E.U. Trade Chief Seeks Deal on Aircraft Subsidies Earlier this year, the United States Trade […]

This Morning in Metals: Steel Dynamics Earnings, Iron Ore Price Forecast, China Falling in Love with Used Cars

This Morning in Metals: Steel Dynamics Earnings, Iron Ore Price Forecast, China Falling in Love with Used Cars

This morning in metals, a major player in domestic steel announced when its full-year earnings call will drop, China looks to be giving used cars some love, and Australia’s government appears a bit bearish on iron ore in the next couple years. Two-Month Trial: Metal Buying Outlook Iron Ore Price Forecast for 2018-2019 Australia’s Department of […]

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