Reuters – Iron ore outlook is finely balanced as supply picks up, China demand holds up
by Clyde Russell The price of iron ore is increasingly poised between a recovery in supply from exporters and still-robust demand from top importer China on the back on stimulus spending driving steel consumption. The return of supply, particularly from number two shipper Brazil, would in normal circumstances be a bearish indicator. But if 2020 […]
Reuters – Dalian iron ore hits 4-week high as shipments from big miners drop
Dalian iron ore hits 4-week high as shipments from big miners drop * Iron ore futures close up 1.2% * Spot 62% iron ore rose to $84.5 per tonne on Monday * Iron ore imports dip in March, but demand seen resilient (Adds details and analyst comment; updates with closing prices) BEIJING, April 14 […]
China iron ore futures surge as mills restock raw materials – Reuters
BEIJING, April 9 (Reuters) – Iron ore futures in China jumped on Thursday on restocking demand as steel inventories dropped again this week, while a recovery in profits at mills further lifted purchases of the steelmaking ingredient. The most-traded iron ore futures on the Dalian Commodity Exchange, for September delivery, closed up 3.3% at 598 […]
China iron ore extends gains on stimulus hopes, falling Brazil exports
(Reuters) – China’s iron ore futures rose on Tuesday along with other ferrous derivatives amid hopes of stimulus support for the global economy facing recession due to a coronavirus outbreak. Iron ore prices also got a boost after major supplier Brazil reported a 17.5% month-on-month decline in exports of the steelmaking raw material in February. […]
Poland’s JSW eyes controlling stake in Prairie Mining – CEO
WARSAW, Nov 7 (Reuters) – Poland’s JSW is interested in taking over Australia’s Prairie Mining, Chief Executive Daniel Ozon confirmed on Wednesday. Sources told Reuters in September that JSW, the European Union’s biggest coking coal miner, wanted a controlling stake in Prairie Mining. “We are now working on internal approvals so that we could start […]
Prairie Mining #PDZ: Poland’s JSW seeks tighter grip on coking coal with possible Prairie bid – Via Reuters
Via Reuters – Agnieszka Barteczko, Barbara Lewis WARSAW/LONDON (Reuters) – Poland’s JSW (JSW.WA) is considering a bid for control of Prairie Mining (PDZ.AX) to tighten its grip as the EU’s biggest coking coal miner, two sources familiar with the situation said. Coking coal is on the European Commission’s list of critical raw materials of economic importance […]
New CERN particle accelerator may help both doctors and art sleuths – Advanced Oncotherapy (AVO)
New CERN particle accelerator may help both doctors and art sleuths By Tom Miles | GENEVA A new particle accelerator unveiled at CERN, the European physics research center, is expected to spawn portable accelerators that could help doctors treat cancer patients and experts analyze artwork. CERN is gradually upgrading its hardware to get more […]
BP to go ahead with $8 billion Indonesia LNG project expansion
BP to go ahead with $8 billion Indonesia LNG project expansion – Andalas Energy & Power (ADL by Fergus Jensen; editing by Himani Sarkar and Jason Neely BP (BP.) gained final investment approval to an $8 billion (6.01 billion pound) expansion of the Tangguh liquefied natural gas (LNG) project in Indonesia on Friday, clearing the […]