February 2020

Vale lowers Q1 2020 iron ore fines output guidance to 63-68mln tonnes

Brazil-based miner Vale has lowered its iron ore fines production guidance for the first quarter of 2020 after its operations were adversely affected by heavy rain, the company said on Tuesday February 11.

IN CASE YOU MISSED IT: 5 key stories from February 12

Here are five Fastmarkets MB stories you might have missed on Wednesday February 12 that are worth another look.

IRON ORE DAILY: Seaborne prices remain supported as Vale lowers its production guidance for Q1

Seaborne iron ore prices remained firm on Wednesday February 12 following an announcement by Vale that it expects lower production for the quarter ending on March 31.

IN CASE YOU MISSED IT: 5 key stories from February 11

Here are five Fastmarkets MB stories you might have missed on Tuesday February 11 that are worth another look.

AT A GLANCE: LKAB reports higher 2019 profit despite lower deliveries

A summary of Swedish iron-ore producer LKAB’s financial results for the fourth quarter and full financial year in 2019.

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.