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Showing 21 - 30 of 527 results for "Iron ore"

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 ...

Superhero to launch super fund

KARREN VERGARA  |  MONDAY, 14 DEC 2020
... passive options like Vanguard's Australian Shares Index ETF (VAS). Baby Boomers on the other hand trade more actively. Iron ore, Nasdaq-listed and overall technology stocks have been popular among platform users. The platform recently appointed Nikki ...

Chief economist update: China keeps on going and going

BENJAMIN ONG  |  FRIDAY, 4 DEC 2020
... from the 2020 low recorded back in April - good for Australia. Even better for this Land Down Under is that the price of iron ore - Australia's biggest commodity export - has soared to seven-year highs, with positive implications for Australia's ...

Chief economist update: David Australia versus Goliath China

BENJAMIN ONG  |  WEDNESDAY, 2 DEC 2020
... exports. In addition, Australia will have to find more money to finance its fiscal deficit should China decide to stop iron ore imports. The Australian government's projected Budget balance is being boosted by the high price of iron ore - currently ...