February 2020

AT A GLANCE: Vale records $1.56bln net loss in Q4 on impairment charges

Vale reported a net loss of $1.56 billion in the fourth quarter of 2019, compared with a net profit of $3.79 billion in the corresponding period a year earlier, due to impairment charges and provision expenses.

IRON ORE DAILY: Seaborne prices rangebound, ports trading activity still robust

Seaborne iron ore prices were rangebound on Friday February 21 with market participants retreating to the sidelines, though trading activity at Chinese ports remained robust.

IRON ORE DAILY: Port prices rise amid surge in May futures contract

Chinese port prices increased by as much as 15 yuan per tonne ($2.14 per tonne) for Pilbara Blend fines on Thursday February 20 amid a surge in the May iron ore contract on the Dalian Commodity Exchange (DCE).

nCoV-19 coronavirus, seaborne supply uncertainty to drive iron ore price volatility in 2020 - BHP

The outbreak of the novel coronavirus (2019-nCoV), intra-year demand volatility and seaborne supply uncertainty are likely to contribute to iron ore price volatility in the coming year, Australia miner BHP said.

ICC Tribunal orders Sierra Leone to reinstate SL iron ore mining license

The International Chamber of Commerce has ordered the government of Sierra Leone to withdraw its restrictions on the mining of iron ore at the Marampa project by SL Mining, the company said in a press release dated Tuesday February 18.

IRON ORE DAILY: Seaborne prices rangebound amid demand uncertainties

Seaborne iron ore prices were rangebound on Wednesday February 19 amid a murky short-term outlook for demand.

IRON ORE DAILY: Seaborne prices fairly static on opposition supply-demand pull

News of Australian miner Rio Tinto's production cuts amid continued bearish sentiment among Chinese buyers on downstream demand prevented any significant movement in seaborne iron ore prices on Tuesday February 18.

IN CASE YOU MISSED IT: 5 key stories from February 17

Here are five Fastmarkets stories you might have missed on Monday February 17 that are worth another look.

IRON ORE DAILY: Seaborne prices up amid return of workforce in China

Seaborne iron ore prices were up on Monday February 17 amid the gradual return of workers after the extended Lunar New Year holiday in China.

NEWSBREAK: Rio Tinto lowers iron ore shipment guidance after Pilbara storm damage

Anglo-Australian iron ore miner Rio Tinto has lowered its iron ore shipment guidance following infrastructure damage across its Pilbara operations in Western Australia.