Iron ore

BHP strikes US$2 billion funding deal with GIP for iron ore power network

The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake

BHP, which earns most of its profit from iron ore, has been ramping up its push into copper as the metal is seen to have a central role in the transition towards greener forms of energy.

BHP bets on iron ore resilience despite China slowdown; Q1 output misses

BHP Group on Tuesday struck an upbeat note on global iron ore demand even as it warned of cooling growth in China, while first-quarter output for the steelmaking element slightly missed estimates on m...

Sun Xiushun, founder and chairman of Winning International, says that the company will continue to act as a collaborator to help Singapore firms tap Africa's potential.

Singapore firm anchors West Africa’s mega mine: Inside Winning International’s Simandou play

The company leverages the city-state’s connector strengths to reshape global high-grade iron-ore trade

China is by far the world’s largest consumer of iron ore, while BHP is one of three major suppliers that provide the bulk of the material to the country’s steelmakers.

BHP-China iron ore standoff may drag into 2026 as talks stall

CMRG has been pushing to sign long-term contracts on behalf of the country’s main steel mills, according to the sources

The new restriction marks an escalation from the halt on BHP’s Jimblebar blend fines earlier this month, and highlights Beijing’s determination to gain greater influence over prices.

China bans all BHP iron ore cargoes as pricing dispute deepens

[BEIJING] China’s state-run iron ore buyer has told major steelmakers and traders to temporarily halt purchases of all new BHP Group cargoes, widening an earlier curb as contract talks have stalled, a...

Australian businessman and philanthropist Andrew Forrest on board the Green Pioneer.  The former oil-rig supply vessel is meant to be the first in a fleet of ammonia-powered ships.

An Aussie tycoon bets billions on cleaning up iron-ore giant

Fortescue’s plan includes replacing diesel-powered mining equipment with electric excavators and drills, building vast wind, solar and battery farms to power operations

Appetite for copper has been lifted by both China’s smelter expansion and green demand for the metal.

China’s commodities imports rise as seasonal demand revives

Chinese steel production has fallen in recent months, most recently to ensure clear skies for last week’s military parade in Beijing, which has raised prices and margins

Rio Tinto, the world’s largest iron ore miner, suspended activities at Guinea’s SimFer mine site after an incident there left a contract worker dead.

Iron ore hits over one-week high as Rio Tinto suspends work at Guinea mine

This has raised fears of a potential delay in production start at the mine

BHP, the world’s largest listed miner, reported an underlying attributable profit of US$10.16 billion for the year ended June 30, down 26 per cent from last year and below the Visible Alpha consensus of US$10.22 billion.

BHP posts smallest annual profit in five years on lower iron ore prices

BHP Group reported its smallest annual underlying profit in five years and its lowest dividend in eight years on Tuesday, but said demand for its commodities remained resilient despite an uncertain gl...

According to estimates by Chinese ferrous markets trade monitor LGMI Steel, the dam is expected to drive six million tonnes of steel consumption – far surpassing the Three Gorges Dam’s steel usage of 70,000 tonnes.
COMMODITY INSIGHTS

China’s 1.2 trillion yuan dam project lifts metals markets, but isn’t a quick fix for glut

The project’s output will treble that of the Three Gorges Dam, generating annual electricity more than five times Singapore’s 2024 consumption