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iron ore global glut

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Iron ore: Apocalypse now?

Scandinavian iron ore miner Northland Resources SE has filed for bankruptcy with more than $650 million in debt. Kumba, whose Sishen mine in South Africa is the continent’s largest iron ore operation, will reduce stay-in-business capital expenditure 20 percent and

Iron ore: rust in peace

“The party’s over for iron ore” declared an ANZ research team returning from a trip to China after discovering demand conditions that were more challenging than thought, while analysts at RBC Capital Markets slashed their price forecasts for this and

Iron ore global glut deepens

Iron ore with 62 percent content at the Chinese port of Qingdao dropped 0.7 percent to $87.70 a dry ton today, the lowest since October 2009, according to data compiled by Metal Bulletin Ltd. The raw material fell for a