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Westpac Banking Corp:Iron ore will probably drop 19% by the end of the year as demand slows and supply increases
Wed, 27 Nov 2013 15:46:00 +0800
Iron ore will probably drop 19% by the end of the year as demand slows and supply increases, Westpac Banking Corp. (WBC) said, joining Goldman Sachs Group Inc. in forecasting declining prices. Ore may fall to US$110/tonne by the end of the year, Justin Smirk, the second-most-accurate industrial ...
EKIN MADEN: will not let the chrome ore exports at low prices from Turkey
Fri, 15 Nov 2013 21:15:51 +0800
EKIN MADEN, the market leading trading company of Turkish high grade concentrates and lumpy, advises that they will continue supporting the prices. Cenk YILMAZ, Manager of Raw Materials Trading; spoke as follows : “No player neither in domestic nor in international markets should expect any benefit ...
Vale: Iron ore prices expected to remain at around US$120-130/tonne in Q4
Thu, 26 Sep 2013 15:18:13 +0800
Global iron ore prices are expected to remain at around US$120-US$130/tonne over the fourth quarter of this year, a senior executive with Brazil's Vale, the world's biggest iron ore producer, said on Wednesday. Jose Carlos Martins, executive director for Ferrous and Strategy with the company, sai...
CISA report heavy tax duty in iron ore mining to ministries and studying solutions
Fri, 09 Aug 2013 10:02:08 +0800
Mr Zhang Changfu secretary general of CISA said that China Iron and Steel Association has submitted proposal on iron ore mining taxes this April in meetings with multiple ministries including State Council, Ministry of National Development and Reform Commission, Ministry of Industry and Information ...
Anglo American outlook grim for mining sector - CEO
Mon, 01 Jul 2013 09:41:28 +0800
Mr Mark Cutifani CEO of Anglo American Plc as saying that the outlook is grim for mining as companies adapt to lower prices and weakening demand. It does look pretty grim, certainly for the thermal coal industry.” Anglo is cutting jobs and halting production at its Aquila coal mine in Australia’s...
CISA: Iron ore to dip further on the long term
Thu, 16 May 2013 09:55:46 +0800
Mr Wang Xiaoqi vice chairman of China Iron and Steel Association said that “In the second half of this year iron ore market will see obvious oversupply. Consequently, imported iron ore prices will dip further which is expected to decline USD 10 per tonne to USD 15 per tonne annually.”
Baosteel: iron ore prices are likely to stay around US$130/tonne
Sun, 28 Apr 2013 16:11:01 +0800
Baoshan Iron and Steel Corporation said that iron ore prices are likely to stay around US$130/tonne for the rest of this year with steel prices in China also expected to remain steady. Mr Ma Guoqiang, GM of Baosteel said at an online shareholders briefing that Baosteel's performance was expected ...
EKIN MADEN: Winds Of Change at Chrome Market
Fri, 05 Apr 2013 10:37:25 +0800
( Recently chrome market is facing tough days. The price pressure starting from stainless steel producers to the ferro-chrome producers is also effecting the chrome ore producers as well. But how long these producers can survive? The crisis in Europe eff...
Mr Carlos: Brazil MMX to become iron ore exporter in 2014
Fri, 22 Mar 2013 09:14:04 +0800
Mr Carlos Gonzalez CEO of MMX said that Brazilian miner MMX plans to become an iron ore exporter as soon as its Sudeste port in Rio de Janeiro state becomes fully operational. Mr Gonzalez said that "We will turn MMX's page and become an exporter starting in 2014. This step will lead us to improve...
Vale sees iron ore prices above USD 110 /mt in 2013
Wed, 20 Mar 2013 10:16:12 +0800
Mr Murilo Ferreira CEO of Vale SA as saying that Brazil's Vale SA, the world's top producer of iron ore, expects iron ore to hold above USD 110 a tonne this year with demand from China likely to remain relatively strong in the near future. Mr Ferreira in a presentation at the Credit Suisse Asian ...
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