Sentences with phrase «global iron ore»

• First quarter global iron ore production of 59 million tonnes (46 million tonnes attributable) was 10 per cent higher than the first quarter of 2011.

• Record global iron ore production of 65 million tonnes was achieved in the quarter (51 million tonnes attributable) and 245 million tonnes for the full year (192 million tonnes attributable).

• Record global iron ore shipments of 239 million tonnes in 2011 were below production due to extreme weather conditions experienced in the first half of the year.

• Global iron ore production of 49 million tonnes attributable (62 million tonnes on a 100 per cent basis) was up 12 per cent on the second quarter of 2010 and up 17 per cent on the first quarter of 2011.

Global iron ore production for the quarter totalled 62 million tonnes (49 million tonnes attributable), in line with the second quarter of 2011.

As well as these factors, KPMG said Atlas» forecasts were highly sensitive to movements in iron ore prices, «which continue to be depressed in a challenging global iron ore market».

The collapse in global iron ore prices isn't chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.

Not exact matches

«The internationalization of the DCE iron ore contracts will give greater access to the global commodity community to trade in the world's biggest onshore ferrous market,» Lee Kirk, managing director at Cargill Metals, said in an email.

In 2017, Dalian iron ore volumes reached nearly 33 billion tonnes versus global annual trade of about 1.5 billion tonnes.

Unlike oil, gold and copper, for which prices are set in London and New York, iron ore is one of the few commodities whose global pricing takes its cue from China.

The Environmental Protection Authority has recommended approval of global miner Cliffs Natural Resources» plans to extend its Koolyanobbing iron ore operations, as Mineral Resources continues to seek approval for its own expansion plans in the same region.

A PwC director has claimed the productivity of iron ore mining equipment in Australia has fallen 40 per cent in the last four years, and has sat behind the global average since 2012.

Amid a few bright spots on the earnings front, the WA economy's rebound is being thwarted by still - low global prices for iron ore.

According to BHP's Financial Reports last financial year the global price of iron ore averaged US$ 44 per tonne.

The Asian giant still accounts for a large percentage of global trade in important resources such as iron ore, aluminum, copper and coal.

It's not just oil... iron ore, aluminum and steel are all getting slammed, as the decline in commodity prices takes a toll on companies and the global markets.

Global imports of iron ore have risen by about two - thirds since 2000.

Even though I know nothing about the iron ore market, and certainly not as much as the CEO of Fortescue, I know arithmetic, and even before I heard Minack's discussion of the global increase in production, I simply could not get the arithmetic that connected Chinese interest rates with Australian iron ore exports to work otherwise.

The global industry is worth $ 225 - billion a year, with the demand for iron - ore larger than any other commodity, excluding oil and gas.

By: Reuters Updated 4 hours ago Global trader Glencore carried out the first trade by a foreign firm for Chinese iron - ore futures on Friday, the first day that the Dalian Commodity Exchange opened the contract to overseas investors, the exchange said.

The consolidated structure of the iron ore industry, and geographic separation from competing economic activities, appear to have facilitated a rapid pick - up in transport capacity in response to strong global demand and prices.

Rapid growth in global steel demand has also boosted contract prices for other bulk commodities; coking coal contract prices increased, on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron ore contract prices have risen by close to 20 per cent.

Iron ore contract price negotiations have also commenced, and price increases of over 50 per cent are possible given the current strength of global steel demand.

Among other things, this has seen the growth in global steel production stall, and hence lower growth in the demand for iron ore and coking coal.

As a result of the strong global demand for steel, coking coal producers negotiated an increase of around 120 per cent in contract prices, with iron ore contract prices generally rising by more than 70 per cent (Graph 39).

Well, hold on a moment: if China continues to grow at past rates, China becomes more than 90 percent of the entire global steel market — which is unlikely, and so it seems likely that the iron ore capacity may be rising just as slowing capital investments in China cools demand.»

«The steel industry in China boomed from 5 percent of global steel production in the late 70s to almost 50 percent today; on the back of that surge was a voracious appetite for iron ore» he says.

Ship owners may face losses until 2015 even with mining companies poised to increase global iron - ore supplies by almost as much as China imports in a year.

Primary commodities, such as iron ore and copper, account for 25 % of global trade.

As a note, copper supply is a bit tighter than iron ore so margin improvements or weakness in the global economy have a greater impact on prices.

Luxembourg had ArcelorMittal, which slumped with the global steel industry as prices for coking coal and iron ore rose.

But the same paucity of ice, which Arctic climate specialists say is driven increasingly by global greenhouse warming, has made it easy for an enormous bulk carrier, the MV Nordic Barents, to achieve a new feat of northern navigation — carrying more than 40,000 tons of concentrated iron ore from Kirkenes, Norway, along the Northern Sea Route over Russia and, as of yesterday, out of the Arctic Ocean on its way to a Chinese port.

The companies in aggregate represent 66 % of the global seaborne market in iron ore, 53 % in copper, 42 % in metallurgical coal and 28 % in thermal coal.