iron ore

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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

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

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

fmgl.com.au
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

riotinto.com
Key global mining companies increased iron ore production in Q3

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

metinvest.media
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

facebook.com
Northern Mining reduced the cost of iron ore mining in the Hannivsky quarry by $1.5/t

This was facilitated by the revision of quarry logistics, reduction of the distance of transportation of mining mass, optimization of equipment operation, etc.

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Turkey imported 852.65 thousand tons of iron ore from Ukraine in H1 2024

The total import of iron ore to the country for 6 months amounted to 5.42 million tons

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