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China Import Demand For Iron Ore And Coal Affect Australian Iron Ore And Coal Export
China’s preliminary November trade data are painting a supportive picture for Australian iron ore and coal exports. Iron ore import flows are back to the long-term growth trend, while China’s coal exports were down 30% month on month and are down 47% year on year, with export tonnage being diverted into China’s strengthening domestic market.
Russia’s Steel Companies Hold Negotiations With Iron Ore Mining Companies
On April 1, the start of China’s fiscal year, Russia’s steel producers hold negotiations with iron ore miners to work out the terms of their annual contracts.
Analysist Iron Ore Contract Prices in 2009, Expert Predicts Contract Prices 25% Fall
Iron-ore contract negotiations this year between the big three producers and key customers will likely end with prices about 25% lower than in 2008, CRU Strategies Consultants COO Phil Newman said on Sunday.
Steel Company, ArcelorMittal Find More Substantial Iron Ore Mine Price Decrease
ArcelorMittal expects a “substantial” fall in 2009 annual contract prices for iron ore, Lakshmi Mittal, chairman and chief executive of the world’s largest steelmaker, said on Wednesday.
Chinese Mining Industry, Iron Ore Mine Prices Increase And Dropped Steel Prices
About two thirds of China’s major steel mills were in the red in November, suffering from high prices in raw materials and the decreasing prices of steel products.
Uranium Funds Points to Near-Term U3O8 Price Decline
Nuclear Market Review [NMR] editor Treva Klingbiel reported in this week’s issue, “Two sellers that were evaluating bids in response to their auctions have concluded their evaluations and have decided not to sell at this time.” She added, “Both sellers preferred to make delivery in June while most bidders were seeking delivery for several months [...]
Chalco triples in Shanghai listing, rivals Alcoa
Shares in Chinese alumina producer Aluminum Corp of China (Chalco) nearly tripled in their Shanghai debut, valuing it on a par with world leader Alcoa Inc.
The first-day gain also left Chalco`s Shanghai-listed A shares at a 102% premium to its Hong Kong-listed H shares, underlining concern that a bubble might be building in Chinese stocks [...]
