iron ore - Latest news GMK Center

The bulk of raw materials was sent to China, Slovakia, and Poland

The company shipped Jimblebar ore to Malaysia and Vietnam

In particular, the company purchases solar panels and wind turbines from Chinese companies

The initiative has not yet been backed up by an official technical and economic justification

The bulk of raw materials was sent to China, Slovakia, and Poland

Under these conditions, Ukraine can expect both economic gains and losses in export revenues

As of January 12, quotations on the Dalian Exchange reached $117.92/t, and on the Singapore Exchange – $109.2/t

Major companies are developing different solutions – from electrification of mining fleet to new steelmaking technologies

Provided that funding is secured for a number of investment projects, Ukraine will be able to export between 20 and 25 million tons of DR pellets

Strong demand from China and rising prices supported shipments of ore and pellets

Prices could fall by 7%, and Ukraine's exports – by 5%, excluding military risks

The main reasons are prolonged stagnation in steel demand in China and the launch of the large-scale Simandou project in Guinea