| CHINA IRON ORE DEMAND REMAINS STRONG |
Rio Tinto Ltd (RIO.AX), the world's second-largest iron ore miner, said Chinese demand for iron ore remains strong and major producers are unlikely to meet all the demand.
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Champion Minerals Inc. 6 Nov 2009 - 10:48 |
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| JULY CHINA IRON ORE IMPORTS AT HIGHEST MONTHLY VOLUME ON RECORD |
China imported 58.08 million tonnes of iron ore in July, the highest monthly volume on record and up 31.8 percent from the same period last year, the country's customs authority said on Tuesday.
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Champion Minerals Inc. 11 Aug 2009 - 11:25 |
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| MONEY POURS BACK INTO CHINA; GDP RISES |
China moved closer to its goal of 8 percent annual growth, as the nation recorded a record jump in foreign currency reserves.
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Champion Minerals Inc. 7 Aug 2009 - 12:43 |
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| IRON ORE PRICE PLUNGE LOWERS VALE NET INCOME 84% |
World No. 1 iron ore miner Vale reported Wednesday its net income plunged 84% in the second quarter of this year from US$5.1 billion or $1.04 per share in second-quarter 2008 to $790 million (15-cents/sh) for second-quarter 2009.
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Champion Minerals Inc. 7 Aug 2009 - 12:38 |
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| CHINA IRON ORE OUTPUT SOARS, STEEL AT RECORD |
China's monthly iron ore output leapt by a quarter to the second highest ever in June as demand for steel strengthened and prices rose, while steel production hit an all-time peak, official data showed on Friday.
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Champion Minerals Inc. 7 Aug 2009 - 12:28 |
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| VALE BRAZIL SETTLES IRON PRICE WITH ITALY'S ILVA |
Brazilian miner Vale (VALE.N)(VALE5.SA) said on Friday it reached an iron ore price agreement with Italian steelmaker Ilva, cutting pellet prices by 48.3 percent and fine ore by 28.2 percent.
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Champion Minerals Inc. 7 Aug 2009 - 12:21 |
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| VALE - KING OF IRON ORE |
In one of the most useful global mining reviews published by any company anywhere, Vale, the world's No 2 miner by value, observes that China's iron ore imports grew 29% year-on-year in the first half of 2009, to 297.2m tonnes, not least on the back of stronger fundamentals for China's property sector, which uses about 40% of new steel output. The substitution of Chinese high-cost domestic iron ore production - China normally ranks as the world's biggest iron ore miner - tends to become gradually replaced by increasing consumption as the main driver for the demand for imported iron ore.
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Champion Minerals Inc. 7 Aug 2009 - 12:08 |
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| IRON ORE SPOT PRICE UP AS ASIA RETURNS |
Iron ore spot prices have returned to $US100 a tonne amid growing confidence about sustained demand, and as Brazilian giant Vale signals further variations to the benchmark pricing system.
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Champion Minerals Inc. 7 Aug 2009 - 11:49 |
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| IRON ORE SPOT PRICE SHIPPED TO CHINA ROSE 21.5% IN JULY |
The price of imported iron ore sold spot into China, rose 21.5% in July. Platts IODEX 62% Fe content price assessment for the steel making raw material increased by $17 in total to close the month at $96/dry mt CFR North China. The increase on a monthly average basis from June's $73.06 was 16.51% with July's monthly average hitting $85.12/dmt. This is down 51% year-on-year, however, as the monthly average for July 2008 was $173.23/dmt.
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Champion Minerals Inc. 7 Aug 2009 - 11:40 |
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| IRON ORE ABOVE $90 AS CHINA'S GROWTH FUELS IMPORTS |
Cash prices for iron ore delivered to China, the world’s biggest buyer, climbed above $90 a ton for the first time this year as rebounding growth in the Asian nation drove imports. Iron ore for immediate delivery advanced 4.6 percent to $91 a metric ton in the week ended July 17, the highest since Oct. 10, according to Metal Bulletin prices for the so-called 63.5 percent grade of material.
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Champion Minerals Inc. 20 Jul 2009 - 09:51 |
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