Australia

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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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Australia allocates $39 million for research in hydrogen and green steel

Research groups, start-ups and companies will receive the funds

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Australia increased exports of iron ore by 8% y/y in March

Compared to February, export shipments increased by 33%

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Australian government predicts decline in coking coal prices

The country also lowered the forecast for the export of these products

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Global coking coal prices fall significantly in March

Demand for raw materials in the Asian market remains weak

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Liberty Steel received $41.5 million for decarbonization of its South Australian plant

Funding from the Australian Government will go towards the installation of a new electric arc furnace at Liberty Steel's Whyalla plant

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