February 2020

IRON ORE DAILY: Seaborne prices up amid fresh demand after workforce return

Seaborne iron ore prices surged on Tuesday February 11 amid a return of healthier appetite observed in the market prompted by the return of China’s workforce after the extended Lunar New Year break.

PEOPLE MOVES: GSA adds Bhar, Moore, Clavadetscher to risk advisory team

Gold Street Advisors (GSA) has expanded its risk advisory business with the additions of Robin Bhar, Kevin Moore, and Christian Clavadetscher.

Chinese president's comments, stimulus behind iron ore price surge, market participants say

Iron ore prices unexpectedly surged on Tuesday February 11, having fallen by around 10% in recent weeks as a result of the novel coronavirus outbreak in China.

Port of Dampier reopens with minor damage to infrastructure

Australia’s Pilbara Ports Authority (PPA) has confirmed minor damage to infrastructure at the Port of Dampier in Western Australia following cyclone Damien that had resulted in a shutdown of operations on Friday February 8.

IRON ORE DAILY: De-escalation of cyclone prompts easing of seaborne prices

Seaborne iron ore prices eased on Monday February 10 amid the de-escalation of Tropical Cyclone Damien which hit Western Australia at the end of last week.

Coronavirus outbreak weakens demand for seaborne iron ore concentrate, pellets

Demand for seaborne iron ore concentrate and pellets fell last week amid a stagnant steel market in China due to the outbreak of the novel coronavirus (2019-nCoV) in the country.

IRON ORE DAILY: Cyclone concerns push seaborne prices higher; Chinese caution lingers

Seaborne iron ore prices continued to be buoyed by cyclone-led port impacts in Western Australia on Friday February 7, while doubts remained among Chinese market participants about steelmaking demand.

Ports cleared, shut down in Australia on mounting cyclone concerns

Australia’s Port of Dampier in Western Australia state is being shut down at noon local time on Friday February 7 in preparation for a potential impact from a tropical cyclone that is expected to intensify during the day.

Vale to build $100-million dry magnetic separation plant in Brazil

Vale plans to invest up to $100 million to build an industrial plant for dry magnetic concentration of low-grade iron ore, as it has been trying to reduce the use of tailings dams, the Brazil-based miner said on Thursday February 6.

Coronavirus impact on key parts of the steel supply chain: Iron ore

Expectations of robust steel mill restocking have been tempered by demand fears that have knocked iron ore prices by over 10% since before the holiday, but big questions remain about ex-China supply factors such as risks to Brazilian production.