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iron ore - Latest news GMK Center

Photo – The Simandou iron ore mining project has been launched in Guinea
The Simandou iron ore mining project has been launched in Guinea

It will become Africa's largest mining and transport complex, exporting up to 120 million tons of ore annually

Photo – Ukraine reduced iron ore exports by 4.4% y/y in January-October
Ukraine reduced iron ore exports by 4.4% y/y in January-October

Key volumes of raw materials are sent to China, Slovakia, and Poland

Photo – Iron ore prices have fallen by 4.4% since the beginning of November
Iron ore prices have fallen by 4.4% since the beginning of November

Pessimism prevails in the market, although there are signs of stabilization

Photo – Vale prepares to redirect ore supplies to India instead of China
Vale prepares to redirect ore supplies to India instead of China

Boosting sales to India and other Asian markets will help offset stagnant demand from China

Photo – Global iron ore exports remained stable in October
Global iron ore exports remained stable in October

India increased shipments after the rainy season, while South Afrihttps://gmk.center/wp-admin/edit.php?post_type=newsca reduced exports

Photo – China increased steel exports by 6.6% y/y in January-October
China increased steel exports by 6.6% y/y in January-October

Iron ore imports increased by 0.7% year-on-year during the period

Photo – The Simandou project will change the dynamics of the global iron ore market
The Simandou project will change the dynamics of the global iron ore market

China seeks to strengthen its influence over trade in this raw material

Photo – China’s iron ore imports to exceed 113 million tons in October – Reuters
China’s iron ore imports to exceed 113 million tons in October – Reuters

October iron ore supplies may become the second largest in the country's history

Photo – What is happening in the mining industry in the fourth year of the war
What is happening in the mining industry in the fourth year of the war

The situation in the industry is challenging, but there is significant potential due to the mineral agreement with the US and EU programs

Photo – Rio Tinto stockpiles 2 million tons of iron ore at Simandou for November shipment
Rio Tinto stockpiles 2 million tons of iron ore at Simandou for November shipment

According to experts, the project will affect global iron ore supplies and prices

Photo – China increased steel exports by 9.2% y/y in January-September
China increased steel exports by 9.2% y/y in January-September

Chinese steelmakers exported 10.47 million tons in September

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