Australia

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Australia lowers forecast for coking coal exports for FY2024/2025

It is expected that prices for this raw material will fluctuate at the level of $200/t until 2026

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Australia predicts a decline in ore export revenues in the next two years

The base price for iron ore in 2025 is expected to be $80/t

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Australia increased exports of iron ore by 8% m/m in August

Compared to August 2023, export shipments of ore increased by 2%

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Australia reduced coking coal exports by 17% m/m in July

Compared to July 2023, export shipments decreased by 1%

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Australia increased coking coal exports by 3% y/y in the first half of the year

In June, this indicator increased by more than 11% m/m

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Australia expects iron ore prices to fall in 2024 to $96/t

In 2025, the price of raw materials will be $84/t, and in 2026 – $77/t

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Australia increased iron ore exports by 2% y/y in January-May

In 5 months, Australian mining companies shipped 347 million tons of ferrous metals abroad

Rio Tinto
Rio Tinto invests $143 million in BioIron research center in Western Australia

The company will specialize in evaluating the efficiency of the new direct iron recovery technology

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Asian markets expect lower coking coal prices in Q2

In March, China led the decline in quotations

Rio Tinto
Rio Tinto reduced iron ore production by 10.9% q/q in Q1

Sales of raw materials during this period decreased by 9.5% q/q

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Vale increased iron ore production by 7% y/y in Q1

Sales of iron ore during this period increased by 15% y/y

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ASI submitted a proposal to the Parliament to ban the export of unprocessed scrap

The Australian Institute of Steel indicates that this raw material is a scarce resource

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