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Showing 11 - 20 of 520 results for "Iron ore"

Economic recap: Week to September 3

BENJAMIN ONG  |  MONDAY, 6 SEP 2021
... to further accelerate, as China takes more measures to cut output and restrict exports..." This is already impacting iron ore prices - Australia's biggest resource export. After reaching an all-time high of US$219.77/tonne in late July this year ...

Forrest pitches a green Fortescue to super funds

STAFF WRITER  |  WEDNESDAY, 1 SEP 2021
... hydrogen. He said Fortescue will release its scope 3 emissions targets soon and plans to produce green hydrogen and green iron ore with the view of customers switching to them from coal. "Fortescue will come out in the next few weeks with firm s cope ...

Looking beyond high-dividend stocks

ANNABELLE DICKSON  |  WEDNESDAY, 21 JUL 2021
... therefore dividend growth in the future," he said. From the resources sector, Cappetta looked towards the increasing iron ore price. "This is being driven by strong global demand as well as production issues in Brazil tightening supply. Our key picks ...

Chief economist update: Thank you, my frenemy

BENJAMIN ONG  |  THURSDAY, 24 JUN 2021
... According to the ABS: "The increase in metalliferous ores to China [up 20% in May from April] was once again driven by iron ore, up $2,087m (20%) to $12,666m. This is the third consecutive record export month for both iron ore and subsequently metalliferous ...

Chief economist update: China and Australia's interdependence

BENJAMIN ONG  |  WEDNESDAY, 26 MAY 2021
... following a 14-month period of nil trade. The increase in metalliferous ores to China, reaching $10,858m, was driven by iron ore, up $234m to $10,551m. Both reaching record highs for the second month in a row. The increase in iron ore was driven by price ...

Chief economist update: Iron ore is the glue that binds China and Australia

BENJAMIN ONG  |  TUESDAY, 11 MAY 2021
The price of iron ore continues to heat up. It broke above the all-time high of US$191.70 a tonne recorded more than 10 years ago (February 2011) on 6 May 2021 and is currently fetching 215.48/tonne. This represents a 31.4% increase from end-2020's ...

Go, iron ore, go

BENJAMIN ONG  |  WEDNESDAY, 28 APR 2021
Just a wittle more, a wittle more... Yes Virginia, just another US$12.71 per tonne (6.6%) and the spot price of iron ore will be line ball with the all-time high of US$191.70 a tonne it set way back a decade earlier (February 2011). For sure, there ...

Chief economist update: Australia's virtuous cycle keeps on turning

BENJAMIN ONG  |  MONDAY, 29 MAR 2021
... over $150 billion by June - well below the $197.7 billion projected in the mid-year update." The persistent increase in iron ore prices also provides a positive underpinning to Australia's budget balance. Iron ore prices have risen by 7.4% to US$167.34/metric ...

Chief economist update: Strike while iron ore cools

BENJAMIN ONG  |  FRIDAY, 26 MAR 2021
The iron ore price has fallen by more than 4% over the past two weeks which, according to reports is due to concerns over further reduction cuts in Tangshan - China's top steel-producing city - under its anti-pollution plan. But akin to previous ...

Chief economist update: Iron ore is hot

BENJAMIN ONG  |  WEDNESDAY, 20 JAN 2021
The price of iron ore continues to rise and rise. It's up by another 9.1% in the first half of the first month of 2021 to US$169.97/metric tonne after soaring by 70.3% last year, sending it closer to the record high of US$191.70/metric tonne it ...