May 2022

Vale expects iron ore price to remain strong for longer amid mine depletion

Brazil-based miner Vale expected fundamentals for the current positive commodity cycle to remain for longer, especially considering the iron ore mine depletion estimated for this decade, the company said on Tuesday May 17.

Sustainability is fundamentally reshaping investors’ approach to finance – Hotter on metals

A shift in spending from high- to low-carbon assets as part of the energy transition culture could create the biggest reallocation of capital in history – and is already fundamentally reshaping investors’ approach to financing.

MineHub adds container-based shipments, transactions to blockchain platform

MineHub Technologies has added container-based transactions and shipments to its blockchain-based platform for supply chains, the company has said.

Higher seaborne demand prompts uptick in iron ore prices

Seaborne iron ore prices ticked up on Tuesday May 17 amid an increase in buying interest for seaborne cargoes, sources told Fastmarkets.

Cisa anticipates demand pick-up for steel, iron ore once Covid-19 cases come under control

The China Iron and Steel Association (Cisa) remains positive that demand for steel and iron ore will pick up once Covid-19 cases are brought under control, Qi Bin, deputy director, market research department of Cisa, said during the Singapore International Ferrous Week on Tuesday May 17.

Ukraine-Russia war to 'drag on China's economic development'

The ongoing Ukraine-Russia war will be a long-term drag on China's economic and political developments until it is resolved, retired diplomat and think-tank chief Bilahari Kausikan said at the Singapore International Ferrous Week opening ceremony on Tuesday May 17.

China iron ore prices to depend on lockdown timings, steel exports likely to surge - Astris

The future price trends of iron ore will depend on the timings of China's Covid-19 controls, while Chinese steel exports may surge in 2022 to fulfil a deficit caused by the loss of Black Sea-origin steel supply, Astris Advisory's commodity strategist Ian Roper said at Singapore International Ferrous Week on Tuesday May 17.

Iron ore concentrate, pellet prices weaken further despite some demand recovery

Seaborne iron ore concentrate and pellet prices continued to fall in the week to Friday May 13, largely prompted by downward moves in the iron ore fines segment, but demand for seaborne cargoes improved somewhat over the week, market sources told Fastmarkets.

Iron ore prices edge up on improving sentiment driven by rumors property rule shake-up in Hangzhou

Seaborne iron ore prices increased slightly on Friday May 13, with sentiment improving due to rumors that property rules will be eased in the key financial center Hangzhou, along with growing interest in mid-grade fines across China, sources told Fastmarkets.

Iron ore prices ease despite improvement in seaborne cargo demand

Seaborne iron ore prices remained volatile, dipping on Thursday May 12 and largely tracking the downward trend in the front-month swaps on the Singapore Exchange (SGX) and the futures on the Dalian Commodity Exchange (DCE), sources told Fastmarkets.