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(Bloomberg) -- The world’s biggest miners, having cashed in on China’s once-rampant demand for iron ore, are starting to reel from the impact of their main customer’s economic struggles.
Investors are preparing for a new era of slumping profits and hefty dividend cuts by the world’s largest miners as iron ore markets brace for a flood of supply to trigger a collapse in prices.
The Mauritania Iron Ore Train ride is a 17-hour free train ride across a barren stretch of the Sahara and has become TikTok’s hottest travel experience. It’s a wild way to experience a whole ...
SINGAPORE, Feb 25 (Reuters) - Iron ore futures prices faltered on Tuesday, weighed down by a recovery in iron ore shipments, with increasing levies and legislations on Chinese steel exports ...
Iron ore futures prices on China's Dalian Commodity Exchange have shown an upward trend, indicating a potential recovery in the market. China's economic conditions, including infrastructure ...
The result is unsurprising, as the iron ore market has been going through a challenging period. Still, CEO Mike Henry acknowledged the firm's strength in this part of the market cycle. Iron ore ...
Rio Tinto is one of the world’s largest miners with operations in iron ore, aluminum (including bauxite and alumina), copper, and minerals (mineral sands, borates, salt, diamonds). Commodity ...
Mitsui 80310.18%increase; green up pointing triangle & Co. said it would acquire a 40% interest in the Rhodes Ridge iron ore project in Australia for $5.34 billion, as part of its efforts to ...
Japanese trading house Mitsui & Co. will buy a stake in an Australian iron ore project for $5.3 billion, in a bet that the global steel industry will need high-quality raw materials to support its ...
Mining billionaire Robert Friedland’s latest venture, iron ore producer Ivanhoe Atlantic Inc., is seeking to raise as much as A$300 million ($190 million) from an initial public offering in ...
But it won’t occur seamlessly, as the miner’s historical main profit-driver, its West Australian iron ore business, wanes even as it ramps up copper and potash as its future earnings and ...