FT Opinion – Commodities Note: Iron ore comes of age
Article from the Financial Times https://www.ft.com/content/302df889-4d6c-48cb-a385-c31961dd489c by Julien Hall and Fiona Boal Once in a generation a new graduate joins that elite circle of globally recognised and traded commodities. Now widely viewed as the second most important commodity behind oil, the evolution of iron ore has mirrored the transformation of China. One of the least volatile commodities in […]
Financial Times – Iron ore outstrips gold as year’s best-performing major commodity
by Neil Hume, Natural Resources Editor Iron ore has outpaced gold to rank as the best-performing major commodity this year, as a rebounding China sucks in vast amounts of the key steelmaking ingredient from mines in Australia and Brazil. The price of the rust-coloured raw material has risen almost 21 per cent in 2020, just […]
FT Article – China turns to steel to galvanise post-Covid economy
Thomas Hale in Hong Kong and Neil Hume in London The coronavirus pandemic is putting China on course to dominate global steel production to an even greater extent than before, accelerating a trend that has gathered pace for more than half a century. In April, a locked-down UK produced less than half of 1 per […]
FT – Iron ore outlook rests on Vale’s tricky rebound
Iron ore outlook rests on Vale’s tricky rebound by Neil Hume, Natural Resources Editor. Jan 16th 2020 Shareholders are revelling in bumper payouts, but prices could fade down the track. Shareholders in Rio Tinto are likely to be celebrating another bumper payout when the miner reports annual results next month. The Anglo-Australian group — along […]