Iron Ore mining, investment and price news from The latest news on iron ore mines and properties, mining companies and iron ore prices.
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07/06/2021 · Spot iron ore prices surged above US200 for the second time this year on media reports that the Chinese steel hub of Tangshan may plan to ease requirements for production cuts at its mills. Earlier in May 2021, iron ore prices broke US200/ton for the first time on record due to strong Chinese demand, but fell after the Chinese government stepped in to cool prices.
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Strong iron ore prices have carried over into global markets. Iron ore is essential for the world's iron and steel industries. Steel producers were negatively impacted by a freeze in consumption, economic shutdowns and disrupted supply chains during the coronavirus pandemic. However, the recovery in steel demand from pandemic lows exhibited a Vshaped recovery and steel prices entered ...
17/08/2021 · BHP (ASX:BHP) has taken advantage of 2021's astonishing boom in iron ore prices to shower shareholders with a record dividend and kickstart the transformation of the world's biggest mining house. Its final payout of US2 per share came off the back of some of the best conditions for iron ore and as BHP and CEO Mike Henry went nuclear with plans to redesign its asset base and identity off ...