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Iron-ore, coking coal skid again in China as demand concerns emerge

By: Reuters     19th October 2017 Prices of steelmaking commodities iron ore and coking coal fell sharply on Thursday, pressured by worries over slower demand as Chinese mills curb output in line with Beijing's campaign to fight smog. Iron ore futures slid more than 4% and coking coal dropped more than 5%. Rebar steel futures... 

Shanghai rebar extends rally to one-month high, lifts iron-ore

By: Reuters     16th October 2017 Chinese rebar steel futures advanced for a third straight day to hit a one-month peak on Monday, supported by output cuts in the world's top producer as part of the government's battle against smog. The gains in steel prices lifted iron-ore, although traders were not convinced the increase in... 

Aspire granted mining lease at Nuurstei

By: Esmarie Swanepoel     9th October 2017 Coal junior Aspire Mining has been granted a mining lease for its Nuurstei coking coal project, in Mongolia. The mining licence from the Mineral Resources Authority of Mongolia provides the ASX-listed company with a minimum 30-year tenure over the licenced area, and will result in Aspire issue... 

China steel futures rise as winter cuts kick in early

By: Reuters     27th September 2017 China's iron ore and steel futures climbed on Wednesday after some cities in the north of the country announced an early start to winter restrictions on mill output, though coke and coking coal both continued to fall on worries over faltering demand. The most-traded construction steel futures... 

Iron-ore succumbs to bear market and may extend slump into $50s

By: Reuters     25th September 2017 Iron-ore has slumped back into a bear market after posting the biggest weekly loss in 16 months amid concern that record demand in China may ease off as mills enact winter output cuts just as data from the top user signals that the economy may be cooling. Losses have probably been driven by “the... 

Iron-ore’s rapid surge prompts Macquarie to sound the alarm

By: Bloomberg     13th July 2016 iron-ore’s rally to a two-month high just prompted Macquarie Group Ltd. to sound the alarm as the bank says gains may be well beyond fundamentals, with abundant supply from miners, inventories stacking up at China’s ports and steel production set to contract. While speculation about stimulus in... 

China’s environmental policy will not curb iron-ore demand – analyst

By: Esmarie Swanepoel     28th March 2014 China’s drive to clean up its steel industry’s environmental act was expected to have little impact on iron-ore demand in the short term, advisory firm Wood Mackenzie said on Friday. While China has instituted a number of emergency measures on regional steelmakers, with mills in Tangshan ordered... 

Iron-ore drops to one-month trough on slow Chinese demand

By: Reuters     1st March 2013 SINGAPORE– Spot iron-ore prices fell to one-month lows and were headed for a second straight week of losses, as buying interest from top importer China thinned amid high stockpiles of steel products, reflecting slow demand. Shanghai steel rebar futures dropped 1.8% on Friday as investors sold off... 

Iron-ore seen in tight ranges amid lean Chinese demand

By: Reuters     21st January 2013 Spot iron-ore prices may be headed for more weakness this week amid lean demand from top buyer China, although expectations of tight supplies during the first quarter should keep losses in check.  

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