Australia currently produces 40 percent of the world's iron ore in an environment of increasing cost pressures on mining companies. This is a huge business — last year Australia exported 120 million tons of iron ore. The spot price fluctuates, but at an average of $150 per ton, this ...
Seaborne iron ore prices rose on Friday November 16, amid a likely shortage in the supply of Australian fines. Market participants are still holding a 'wait-and-see' stance, with some mill sources remaining cautious toward sintering and blast furnace restrictions in north China while spot market...
Some market participants added that despite the iron ore price dropping from $140 per tonne in January this year to $100-110 per tonne in July, major iron ore giants in the short term would keep current production levels steady to align with company objectives. Australia iron ore giants have...
The concern is due to the expected decline of iron ore prices over the next two years. Increased global supplies are expected to lower unit values in 2017-2018, Cully said. The current spot price sits at 80 dollars a ton, Reuters predicts that figure may drop to 46.70 dollars by 2018. ...
AUD/USD Key Spot Levels and Market Outlook The AUD/USD currency pair is one of the most actively traded forex pairs, reflecting the economic relationship between Australia and the United States. Traders closely monitor key support and resistance levels to identify potential price movements. ...
thomas biesheuvel mining wright heirs pocket eye-watering $8.3b in rhodes ridge deal the wa heirs of pilbara iron ore pioneer peter wright are set to share in a multibillion-dollar payday after selling out stakes in the rhodes ridge mine to japanese corporate giant mitsui. simone grogan ...
Iron ore and copper—two pillars of Australia’s economy—could face pressure if trade frictions persist. Thursday’s pullback on both these commodities also contributed to the offered stance in spot. What’s next? Looking ahead, traders will keep an eye on the Melbourne Institute’s Consumer ...
By 2050, the iron ore price will have a stronger influence on the cost of green steel production. This result illustrates the urgent need for research on new processing technologies for the direct reduction and beneficiation of low-quality ores today. Future work could further explore the site-...
Spot gold's tumble to a half-decade low may have injected fear into the hearts of many gold miners but not in Australia, where the lower local dollar is cushioning the impact of the fall. "We are benefiting from a lower Australian dollar. Whereas the U.S. currency gold price is lower...
The AUD/USD is affected by factors that influence the value of the Australian dollar and/or the U.S. dollar in relation to each other and other currencies. This includes geographical factors such as the production of commodities (coal, iron ore, copper) in Australia, political factors such ...