Today
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- Carbon challenge
Fortescue makes slow start on push for fifth iron ore export record
Fortescue has refused to give up on a goal to set a fifth consecutive iron ore export record despite making a slow start to the new financial year.
- 10 mins ago
- Peter Ker
This Month
Mining stocks on track for third month of losses as China woes deepen
The ASX’s heavyweight materials sector is facing its longest losing streak since 2021 as worries about global growth offset the incredible run in iron ore.
- Joanne Tran
Rio, BHP and Fortescue at electrification crossroads
Iron ore miners in the Pilbara are under pressure to slash emissions and preparing to fork out billions on emissions-free trucks and renewables.
- Brad Thompson
Rio opens door to working with POSCO on green iron plant in Pilbara
POSCO is studying the feasibility of using green hydrogen to power a hot briquette iron plant near Port Hedland.
- Brad Thompson
Fortescue ‘on track’ to achieve 2030 decarbonisation target
New board member Larry Marshall says he is convinced the company will achieve its goal, as it seeks to become a major supplier of prototype technology and machinery.
- Brad Thompson
Rio Tinto says lithium boom is cooling, for now
Rio hints a three-year lithium price boom may be over as surging supply coincides with mild growth in electric vehicle sales. But longer term, Rio is still keen.
- Peter Ker
China slowdown no threat to Australia, economists say
The nation’s high-quality coal and iron ore and a growing export market are expected to help this country weather a downturn in the Asian giant – for now, anyway.
- Cecile Lefort
BHP optimistic on steel demand, iron ore
Beijing’s moves to stabilise China’s ailing properly sector could trigger higher demand for steel and tighten the already squeezed iron ore market.
- Elouise Fowler
Rio to ship more low-grade iron as mine approval times blow out
Rio says the amount of low-grade iron ore it ships over the next few years will depend on how quickly it can get replacement mines approved in Western Australia.
- Brad Thompson
Rio Tinto in $157m first shout for Simandou
Rio Tinto has demonstrated strong faith in its Simandou partners by providing $US100 million of liquidity to the project until formal funding deals are struck.
- Peter Ker
Battery boom leads to a new wave of sharemarket winners
A new boom in battery metal resources has analysts and financial advisers commenting on the best way to create long-term wealth from Australian miners.
- Tom Richardson
These analysts called the iron ore rally no one saw coming
Back in July, a Singapore-based research house made a near-perfect call on the price rally that few saw coming. Here’s where they see prices going next.
- Updated
- Joshua Peach
Coal export values slide faster than expected, but volumes to rise
But the latest Industry Department forecasts show an improvement in overall resource exports compared to a pessimistic view published earlier this year.
- Elouise Fowler
Electric trucks may be 33pc less productive than diesel
Electric trucks will likely spend less time on the road and carry less rock than diesel competitors, forcing miners to spend big to offset productivity losses.
- Updated
- Peter Ker
September
Billionaire Andrew Forrest mourns his father
Andrew Forrest led a horseback guard of honour for his father Don at the family’s cherished Minderoo cattle station in the Pilbara.
- Brad Thompson
Debelle backs $100b push on green exports
The Albanese government is being urged to invest $100 billion for green aluminium and ammonia, and onshore processing of iron ore.
- Ronald Mizen
What slowdown? Why China’s demand for iron ore remains huge
Prices for the commodity have rallied despite the Asian giant’s property crisis, as the need for steel used in EVs stays strong. But analysts warn current prices are not sustainable.
- Updated
- Michael Smith and Joshua Peach
Rebound in steel prices key to iron ore’s rally
Renewed buying by Chinese steel mills has sent the price of the steel ingredient soaring above $US120 a tonne, but BMI has warned prices could drop to $US50 over the next decade.
- Timothy Moore
Billionaires v BHP in WA’s lithium power grab
No longer the speculative domain of evangelical retail shareholders, the lithium sector has won acceptance and trust from just about everyone except BHP.
- Peter Ker and Elouise Fowler
China data sparks fresh iron ore price rally
Barrenjoey’s Glyn Lawcock says a combination of speculation about Chinese stimulus and strong steel consumption is pushing up prices.
- Tom Richardson
