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iron ore - Latest news GMK Center

Photo – Negotiations between BHP and China’s CMRG on iron ore may continue until 2026
Negotiations between BHP and China’s CMRG on iron ore may continue until 2026

BHP has reportedly agreed to settle 30% of its spot ore trade with China in yuan

Photo – The cost of rail transportation of ore in Ukraine exceeded EU tariffs
The cost of rail transportation of ore in Ukraine exceeded EU tariffs

Delivery of ore through Ukraine exceeds tariffs for similar routes in Poland and Slovakia

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

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

Photo – Poland has almost completely switched to importing iron ore from Ukraine
Poland has almost completely switched to importing iron ore from Ukraine

Ukrainian ore accounts for over 90% of Polish imports, but the transition to EAF may reduce demand

Photo – SimFer plans first shipment of iron ore from Simandou in November
SimFer plans first shipment of iron ore from Simandou in November

The joint venture highlighted the progress made in the project's implementation

Photo – Ukraine reduced iron ore exports by 7% y/y in January-August
Ukraine reduced iron ore exports by 7% y/y in January-August

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

Photo – Australia increased iron ore exports to 75 million tons in July
Australia increased iron ore exports to 75 million tons in July

Demand from China increased, while South Korea and Vietnam reduced purchases

Photo – Ukraine reduced iron ore exports by 8% y/y in January-July
Ukraine reduced iron ore exports by 8% y/y in January-July

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

Photo – Rio Tinto reports weakest earnings in five years due to decline in commodity prices
Rio Tinto reports weakest earnings in five years due to decline in commodity prices

The company has cut dividends to their lowest level since 2018 and warned of rising costs in the Pilbara region

Photo – China reduced iron ore production by 9.1% y/y in 1H2025
China reduced iron ore production by 9.1% y/y in 1H2025

In June, raw material production amounted to 88.97 million tons

Photo – Rio Tinto increased ore production in Q2 to its highest level since 2018
Rio Tinto increased ore production in Q2 to its highest level since 2018

The company increased its output in the Pilbara region by 20% q/q

Photo – Turkey reduced imports of raw materials from Ukraine by 65% y/y in January-May
Turkey reduced imports of raw materials from Ukraine by 65% y/y in January-May

During this period, 240.36 thousand tons of Ukrainian iron ore were delivered to the Turkish market

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