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...“Prolonged declines in China’s export prices may cause trade tensions between China and some major economic powers to rise,” analysts at Nomura said in a research note on Friday....
...Inventories at major Chinese steel mills jumped more than a quarter over the past few weeks....
...Blast furnaces use iron ore and coal, which the UK has to import. Electric arc plants use scrap steel, of which Britain has a surplus....
...Rio Tinto’s difficult years-long expansion of the Oyu Tolgoi copper mine in Mongolia is now delivering tonnes into a constrained copper market, where stronger prices helped the major miner prop up earnings...
...Steel exports also surged 32.6 per cent year on year during the period, while iron ore imports rose 8.1 per cent....
...Port Talbot’s blast furnaces are used for primary steelmaking, in which iron ore is reduced to molten iron that is then turned into steel....
...ore and coal....
...Yet the festivities masked divisions within the mining company, which operates both as an iron ore miner and a pioneer of green hydrogen investment....
...It is the second large vote against a major Australian company over pay in recent weeks after 83 per cent of investors in Qantas rejected its pay policy....
...For instance, a steelworks typically relines a blast furnace every 20 years — a major capital expenditure....
...The vast tracts of desert in Western Australia, which have yielded gold, nickel and iron ore to prospectors in decades past, have now become a major battleground for miners of lithium, a critical raw material...
...But it is the loss of relatively cheap gas from Russia that has plunged the country into a crisis that last year made it the world’s worst-performing major economy....
...The closures are the latest chapter in decades of decline for Britain’s steel industry and will leave the UK as the only major economy without the ability to make primary steel from iron ore and coal....
...Fortescue’s so-called first strike is the second significant vote against a major Australian company’s pay proposal in recent weeks after 83 per cent of investors in Qantas rejected the airline’s pay policy...
...The stones were made of naturally magnetic iron ore....
...“The region has huge potential to create a major mining industry,” says Tom Harley, managing director of Dragoman, a mining advisory working with Gulf nations....
...Iron ore prices fell more than 4 per cent on Monday. This comes when seasonal demand from China has historically been strong. China buys about 70 per cent of the world’s seaborne iron ore....
...Shares in state-controlled oil major Petrobras fell 10 per cent in a single day this month after it opted not to pay extraordinary dividends, contrary to analyst expectations, in a decision that its chief...
...BHP said lower prices across major commodities and the effect of inflation, particularly on labour, diesel and electricity prices, were now putting pressure on profits....
...We wouldn’t go into it unless we intended to play a major role in it.” Additional reporting by Harry Dempsey in Singapore...
...Saudi Arabia, the world’s biggest oil exporter, ditched its plan to raise production in a major policy reversal....
...The vessel was docking to collect iron ore for steel giant ArcelorMittal....
...Uranium supply chain complications Yet Australia is heavily involved in the nuclear supply chain as a major producer of uranium ore, which is essential to nuclear power generation....
...Red Sea attacks: Companies trading commodities such as iron ore and grain are threatening legal action to pressure shipowners to use the more dangerous but faster Suez Canal route....
...body and relocating major facilities to “avoid dozens of areas of cultural significance and hundreds of ancestral sites, medicinal plants, seeps and springs.”...
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