Five key charts to watch in global commodity markets this week
A steel-industry crisis in China is sending iron ore prices tumbling. Meanwhile, soybean stockpiles are at a record high in the Asian nation. In the US, a hot summer is …
Iron ore
Iron ore extends drop below $US100 as steel industry mood darkens
Iron ore dropped for the fifth time in six days ahead of data this week that’ll shed light on Chinese steel output, as mills in the biggest market battle slumping …
Too hot to handle? Can the mining assets of the Pilbara’s iron ore majors (& the workers) survive rising heat?
Snaking through the russet-coloured expanse of WA’s remote Outback, vast mile-long trains ferry iron ore — the nation’s most valuable export — across a crucial mining district that’s increasingly vulnerable …
Iron ore buckles below $US100 as China’s plenum fails to inspire
Iron ore crumbled below $US100 ($A150.93) a tonne as a policy meeting in China failed to deliver major stimulus, while supplies stayed strong. The steelmaking material slid as much as …
New Curtin University research takes one billion years off Pilbara iron ore deposits
Boffins at Curtin University have published new research they believe proves the Pilbara’s massive Hamersley iron ore deposits are one billion years younger than previously estimated. By using a new …
BHP turns to mediation as Chile miners seek share of copper boom and threaten strike action
BHP is heading into mediation with union leaders in Chile in a bid to avoid a strike as this year’s surge in copper prices inflates the bottom lines of producers …
Hancock Prospecting: ‘Higher emissions may have to be price of making a difference globally’
One of mining billionaire Gina Rinehart’s senior lieutenants has warned that Australia may to tolerate higher carbon emissions as the price of helping produce greener steel offshore. Mrs Rinehart’s Hancock …
Anglo American opens talks with BHP after rejecting third and ‘final’ $73.95 billion offer
Anglo American has agreed to enter talks with larger rival BHP after rejecting a third proposal worth £38.6 billion ($73.95b), opening the door for the first time to what would …
Wiluna West iron ore mine facing closure amid price pinch, dragging nearly 200 jobs into the firing line
An iron ore price dwelling beneath $US100 per tonne would likely lead a WA mine owner to switch off his newly purchased operation in the State’s Mid West, unless the …
China slump turns Fortescue from world-beating mining stock to big loser
Fortescue’s months-long stock rally suffered a big pullback in February as investors turned sour on the iron ore producer’s earnings growth and exposure to slumping metal prices amid China’s rocky …