iron ore

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Global mining companies confident in Chinese ore demand

Rio Tinto notes that demand is shifting to higher quality raw materials

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Ukraine increased iron ore exports by 31.5% m/m in October

Shipments recovered after reaching the lowest since the beginning of the year in September

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Vale and China’s Jinnan to invest $627 million in Oman processing plant

It is planned that the enterprise will begin operations in 2027

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Global iron ore exports grew by 5% y/y in January-September

The main exporter of raw materials is Australia – 646 million tons

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LKAB reduced iron ore production by 12% y/y in January-September

Raw material supplies to customers decreased by 19.1% y/y

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Fortescue increased iron ore shipments by 4% y/y in July-September

Sales volumes reached 47.7 million tons

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India may face iron ore shortage in 2031

The demand for this raw material in the country will grow due to the increase in steel production

Sukha Balka commissioned two units with reserves of 170 thousand tons in the fall

Since the beginning of the year, the company has launched 9 units, the total reserves of which reach 1 million tons of ore

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Key global mining companies increased iron ore production in Q3

Rio Tinto and Vale noted rising production figures despite uncertainty in the Chinese market

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Ukraine reduced ore exports to the lowest level since the beginning of the year in September

The fall in global demand and prices for raw materials had a negative impact on shipment volumes

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Turkey imported almost 1 million tonnes of iron ore from Ukraine in January-July

The total import of iron ore to the country for 7 months amounted to 6.68 million tons

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Ukraine exported 23.3 million tonnes of iron ore in January-August

The main consumers of raw materials are China, Slovakia and Poland – 10.3 million tons, 3.45 million tons and 3.49 million tons, respectively

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