October 2021

IRON ORE DAILY: Prices up despite weak demand outlook

Seaborne iron ore prices corrected upward on Friday October 22 after a sharp decrease on Thursday amid continuous bearish outlook for iron ore demand.

Rio Tinto to invest $7.5 billion to meet its revised emission targets

Rio Tinto will invest $7.5 billion to reduce emissions and meet its carbon targets earlier than planned, the company announced on Wednesday September 20.

IRON ORE DAILY: Prices down amid drop in steel prices

Iron ore prices were largely down on Thursday October 21, following the bearish mood in terms of steel prices and demand, sources said.

AT A GLANCE: Anglo American’s Q3 iron ore output up 15% vs last year on boost from Brazil, South Africa ops

A summary of the third-quarter iron ore production results from 2021 from Anglo American, published on Thursday October 21.

AT A GLANCE: Anglo American copper output down by 6%, nickel up by 2% in Q3

A summary of metals production results for the third quarter of 2021 from Anglo American, taken from its quarterly production report published on Thursday October 21.

Mid-grade iron ore fines quality issues likely to limit availability in Q4 - sources

Supplies of a key mid-grade iron ore fines could be limited through the October-December quarter amid quality issues and the possible diversion of material to be blended with lower-grade iron ore products, market sources said.

Discounts for mid-grade iron ore fines could change amid consistent supply, improved specs

Market participants are anticipating changes in discount levels for mid-grade iron ore fines Mining Area C fines (MACF) and Jimblebar fines (JMBF) amid more consistency in supply and improved specifications.

IRON ORE DAILY: Easing coke prices prompts demand for iron ore fines, seaborne prices rangebound movements

Seaborne iron ore prices movements were rangebound on Wednesday October 20 amid easing coking coal prices in China, which might have prompted some demand for low-mid grade iron ore fines, sources told Fastmarkets.

AT A GLANCE: BHP to increase iron ore capacity to 330mln tpy at Port Hedland

A summary of BHP’s operational review for iron ore and metallurgical coal for the quarter ended September 30, 2021, as released on Tuesday October 19.

AT A GLANCE: Vale's Q3 iron ore output up 0.8%, shipments rise 2.2%

A summary of Brazilian miner Vale’s iron ore results for the third quarter of 2021, as stated in its latest production and sales report published on Tuesday October 19.