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The price of Iron Ore - a key ingredient in steel production - has fallen by around ten per cent this week. It could have a significant effect on the federal budget, according to the Treasurer.
Benchmark iron ore futures have slid 23% this year to about $109 a ton as Chinese consumption has slowed. Twice in recent months, the Singapore contract has …
ABC Radio Perth Broadcast Tue 21 Sep 2021 at 9:00pm Tuesday 21 Sep 2021 at 9:00pm Tue 21 Sep 2021 at 9:00pm Space to play or pause, M to mute, left and right arrows to seek, up and down arrows for ...
"If iron ore prices were to remain at this elevated level, you could expect to see a boost to Government tax receipts of anywhere between $5 to $15 billion in 2021," she said.
Australia's share market lost ground after heavy falls in oil and iron ore prices and a mixed performance on Wall Street. See how the trading day unfolded on our blog.
On Friday, IODEX 62% Fe fines was assessed at $75.40/dry mt CFR China, with prices moving up by around $15/dmt in a run of price increases that started early last month, according to S&P Global ...
Big mining companies are expecting a rebound in the iron ore price, but analysts say a recovery could take at least six months. A key Chinese iron ore spot price yesterday fell to its lowest level ...
"The market is waking up to the fact that 'good news is bad news' for Chinese property," Mr Rennie said. "Plans to date are simply nowhere near enough to address the …
The most-traded January iron ore contract on China's Dalian Commodity Exchange ended daytime trading 2.51% higher at 919.5 yuan ($125.63) a metric ton, the highest since March 17.
Steelmaking plant in China. (Adobe Stock) Iron ore has suddenly gone from commodity laggard to a top performer, with resurgent prices further fanning inflation fears that …
Fitch forecasts global copper mine production to increase by an average annual rate of 2.8% over 2022-2031, with annual output rising from 24.6mnt in 2022 to 31.0mnt by 2031.
Commonwealth Bank director of mining and energy commodities research, Vivek Dhar, says there is still pressure on iron ore prices to drop even lower. More on: Australia
The benchmark December iron ore on the Singapore Exchange climbed 0.88% to $134.35 a ton, following a 1.15% drop in the previous session. The persistent strength in the price of the key ...
Steel worker (Stock Image) The iron ore price rebounded on Tuesday after China pledged more support to help revive an economy that's been imperiled by an escalating virus …
Tuo & Zhang designed an EEMD technique with a gated orthogonal recurrent unit (GORU) neural network to predict iron ore prices for risk management at mining enterprises …
An embattled East Kimberley mine appears to have turned a corner since re-opening mid-year, pumping out 260,000 tonnes of iron ore exports and injecting millions of dollars back into the local ...
The Australian market has ended the day stronger, driven by a surge in prices for iron ore. The benchmark ASX 200 rallied in afternoon trade and ended Thursday up 0.4 per cent to 6,615 points.
Even the Australian Government has predicted the price of key commodities will fall, with its latest budget update tipping lower prices for key commodities. It sees iron ore prices as declining to ...
Iron ore's incredible rebound could be short-lived. William McInnes Reporter. Oct 12, 2021 – 11.31am. A rebound in the price of iron ore has failed to ignite hopes of a return …
Commodities analysts say time is running out for a seasonal bounce in iron ore prices before the end of the year.
Iron ore prices rebound as Chinese economy improves Sue Lannin Posted 1 Jan 2013 1 Jan 2013 Tue 1 Jan 2013 at 9:55pm, updated 9 Jan 2013 9 Jan 2013 Wed 9 Jan 2013 at 12:19am
The WA Chamber of Minerals and Energy says it is hoping prices for key commodities, including iron ore and gold, will rebound this year. The state's mining industry experienced a turbulent year ...
Despite forecasting these iron ore price declines, Goldman Sachs remains positive on BHP and Rio Tinto. It currently has buy ratings on both mining shares with price targets of $49.40 and …
In the case of iron ore, the price drop has been over 50 per cent. Justin Smirk, senior economist at Westpac, said he expected the prices to stay low and he could not see any sign of a recovery ...
But BREE predicts the value of resource exports, such as coal and iron ore, will peak in 2016-17 at $136 billion because of the expected drop in iron ore prices.
Iron ore price sets fresh 5-and-a-half year high Tuesday, but the good times won't last, says the Australian government's chief economist. Australia predicts 50% drop in iron ore price by 2021 ...
Iron ore's benchmark November contract on the Singapore Exchange was down 0.8% at $113.75 per metric ton, as of 0319 GMT, shedding 1% so far this week but bouncing off Tuesday's six-week low ...
The Bank of America's global research team is lowering its price forecast for iron ore fines in 2022 by 45% to $91 per tonne (down from its previous forecast of $165 per tonne) on the back of ...
The party is over for iron ore. That's the word-for-word headline on an ANZ Bank briefing note after some of its analysts returned from a trip to China.
The Sherwin Creek and Roper Bar mines, about 600 kilometres south east of Darwin, both shut down after the iron ore price crashed in 2014. Since then both mines have been bought by international ...
