Excluding oil, the domestic component increased by around 1 per cent in the June quarter, driven by rises in utilities and
metal ore prices, while the non-oil-related prices of imported inputs rose by a similar amount.
Not exact matches
As miners deal with the reality of a prolonged slump in the iron
ore price, Fortescue
Metals Group is quietly going about the business of building the state's third magnetite mine and processing plant.
Fortescue
Metals Group has ended a tough week for the iron
ore sector by halving its projected capital expenditure for the 2015 financial year to $ US650 million, in response to the continued weakening of the iron
ore price.
FEATURE: Subdued iron
ore and gold
prices over the longer term could signal a lift in exploration for base
metals.
Needless to say my
metal price projections, especially for iron
ore, were not popular in countries like Australia, Brazil, and Peru, where I have many friends and clients and visit often.
The materials sector has risen by 16 per cent, boosted by continuing strength in base
metals prices and expectations of substantial increases in contract
prices for coal and iron
ore.
Other major resource exports, like
metal ores and processed
metals, also benefited from capacity expansions, higher
prices and the continued improvement in trading partner growth, particularly in East Asia.
Those winter shutdowns were expected to dampen demand and
prices for Australian iron
ore and coal in particular, but
prices for both commodities have remained strong; iron
ore prices have surged 26 per cent since October 31 to be fetching $ US77.74 per tonne on Tuesday, according to
Metal Bulletin.
Metal products, machinery, and equipment
prices rose 6.6 %, while
prices of
ores and minerals grew 1.8 % last month.
Much of the recent strength has come from a steep rise estimated for «other resource»
prices, as sharply higher contract
prices for iron
ore and coal began to take effect from 1 April, and to a lesser extent, from rising base
metals prices.
A new method to convert titanium
ore into the
metal, which is used for everything from sporting goods equipment to aircraft frames, could reduce the
price of titanium two - to fourfold — if the process can be scaled up.
Since 2008, ClearCircle's been hit by a reduction in waste volumes, volatile & declining benchmark
metal prices (even iron
ore pricing is relevant, as a raw material input for steel), and a decline in margins as market competition's intensified.
Following the high of 2011, with gold
prices in excess of US$ 1900 / oz, copper
prices in excess of US$ 10,000 / tonne and iron
ore prices in excess of US$ 190 / tonne,
metal prices crashed and with those
prices fell some of the junior mining companies that depended on them.
Currently, the main factor pushing up bitcoin rate is the situation on the Chinese market, where basic
metal commodities have lost one - fifth of the
price over the last week (zinc lost 22 %, iron
ore trades cheaper by 20 %).