Business
Iron ore price leaps into 2021 – MINING.COM – MINING.com
Iron ore opens new year with a bang as Chinese crude steel output set top one billion tonnes for the first time.
In December, the steelmaking raw material hit its highest level since September 2011 after gaining nearly 80% during the year.
“Impact from the pandemic (on iron ore) was not as pessimistic as the market expected,” Zhuo Guiqiu, analyst with Jinrui Capital told Reuters:
“The big jump came after Vale lowered its shipments expectations and a robust Chinese steel demand in the fourth quarter.”
China is expected to have forged more than 1 billion tonnes of crude steel in 2020 and imports of iron ore…
-
Noosa News24 hours agoAfter Hours Gallery Visits, French Dining and Garden Illuminations: Your Guide to the Ultimate Melbourne Culture Fix
-
General18 hours agoTop chess player Magnus Carlsen forced into draw in historic game against over 134,000 people
-
Business17 hours agoIs Warren Buffett’s Berkshire Hathaway the smartest investment you can make today?
-
General21 hours agoDeath of 86-year-old driver in Karoonda Highway crash prompts push for change