Why Mexican Drug-Traffickers Smuggle Iron Ore to China
The Economist explains why smuggling iron ore to China has become a popular activity for Mexican...
iron ore
Why Is China Importing So Much Iron?
Quartz's Gwynn Guilford reports that China's year-on-year imports surged to 10.9% in July at $168 billion and all because of iron ore imports, speculated to serve as collateral for bank loans: But wait—what exactly was...
Iron Ore Miners Still Bullish on China Demand
For several years, China has had the world’s largest demand for iron ore, but now BHP Billiton, the world’s biggest miner, has reported that China’s demand for iron seems to be waning. China overtook Japan in demand for...
Australia's China Challenge
Since overtaking Japan in 2009, China has been Australia’s largest export market, outweighing South Korea, India, the US and UK (in third through sixth places) combined. While growing reliance on this trade is a source of...
China’s Coal Rush Leaves Three Million Living on the Edge
The Telegraph’s Malcolm Moore reports from Shanxi on the voracious coal mining which, according to local government, has left more than 8,000 square miles of the surface dangerously vulnerable to subsidence and sinkholes....
Australia’s Budget “Made In China”
A looming budget announcement in Australia highlights Canberra’s dependence on raw material exports to China for revenue, according to Reuters: Australia’s minority government will hand down its first budget next...
Philip Bowring: China Gets Tougher
In the wake of the sentencing of Rio Tinto executives in China, Philip Bowring looks at the bigger picture of the iron ore business in the country: Whatever the full truth of the charges against them (Hu pleaded guilty to a...
Rio Employees Held in China Amid Stalled Iron Talks
Bloomberg reports: Rio Tinto Group, deadlocked in talks on iron ore prices with Chinese steel mills, said four of its employees have been detained for three days in Shanghai. Rio hasn’t had contact with the workers from the...
BHP to Send Fewer Ships to China as Ore Demand Falls
China’s economic woes are slowing demand for natural resources, and mining giants, like BHP Billiton, are slowing production as a result. From the Sydney Morning Herald: “There will be less ships than before,”...
China Landslide Kills 128, Hopes Fade for Missing (Updated)
The death toll from the landslide in Linfen, which was caused by a pile of illegally-maintained iron ore waste, is now 128 and expected to rise. From AP: Two thousand rescuers shoveled and hammered through the debris Wednesday...
Chinese Win Control of Iron Ore Miner
The Chinese Government-backed firm Sinosteel has won control of West Australian iron ore miner, Midwest. From ABC News, Australia. The steelmaker has told the Australian Stock Exchange it now owns 50.97 per cent of Midwest...
China Seeks Mount Gibson’s Ore
As China continues to procure iron ore from around the world, news from Australia that Beijing-based Shougang Corp has acquired a 20 percent stake in Australia’s leading iron ore producer, Mount Gibson Iron. From the...
China Needs Iron – Robert M. Miller
Forbes writes about the growing competition between China and Japan over iron ore: Both nations have an acute need for the product. Indeed, it is China’s enormous appetite for iron ore (about 500 million tons a year or more) that has been the major factor behind the recent enormous price increases and profits in the […]
China Steel Mills OK Iron Ore Price Hike – Elaine Kurtenbach
From the AP: China’s steel mills have agreed to a 19 percent price increase for iron ore following extended negotiations with the world’s three biggest mining companies, the government said Wednesday. China’s biggest steelmaker, Baosteel Group , agreed Tuesday with Australia’s BHP Billiton Ltd., the official Xinhua News Agency reported, citing an unnamed source at […]
China still steely – Barry Fitzgerald
From The Age: Global iron ore heavyweights have increased pressure on China to fall into line with the rest of the steel-making world and accept a 19 per cent increase in contract prices for shipments of the key material in 2006-07. Pilbara producer Rio Tinto turned up the heat yesterday, saying that global demand for […]
China makes its presence felt – Mure Dickie
From Financial Times (link): From 2000 to 2005, it accounted for more than 90 per cent of growth in seaborne iron ore trade, according to Macquarie Research. Between 1994 and 2003, China was responsible for 54 per cent of growth in global copper consumption. While growth in demand for such commodities is set to slow, […]
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