Industry News

Iron-ore languishes on supply pressures, weakening demand

Views : 282
Update time : 2022-10-20 16:56:04

BHP, the world's biggest listed miner, kept its full-year iron ore production guidance unchanged, while warning that global economic uncertainty was expected to continue affecting supply chains, energy costs, labour markets and equipment and materials availability.

On Tuesday, Brazil's Vale reported a 1.1% increase in quarterly iron-ore production, while Rio Tinto posted a 4% rise in shipments in the last quarter compared with the previous three months.

Benchmark November iron-ore on the Singapore Exchange was down 0.7% at $92 a tonne, as of 07:02 GMT. It hit a 2022 low of $90.30 on Tuesday.

The most-traded January iron ore on China's Dalian Commodity Exchange ended a range-bound daytime trade 0.4% higher at 688 yuan ($95.24) a tonne, after touching a six-week low of 678 yuan in the previous session.

Related News
Read More >>
Aluminium price rallies sharply as LME cash offer spikes to $3,083.5 per tonne Aluminium price rallies sharply as LME cash offer spikes to $3,083.5 per tonne
Feb .11.2026
Aluminium price rallies sharply as LME cash offer spikes to $3,083.5 per tonne
Europe’s aluminium foil market decoded: Production and consumption drift apart, altering export–import balances Europe’s aluminium foil market decoded: Production and consumption drift apart, altering export–import balances
Feb .11.2026
Europe’s aluminium foil market decoded: Production and consumption drift apart, altering export–import balances
LME aluminium price: Cash offer dips 0.66% to $3,063/t; opening stock falls 0.41% LME aluminium price: Cash offer dips 0.66% to $3,063/t; opening stock falls 0.41%
Feb .11.2026
LME aluminium price: Cash offer dips 0.66% to $3,063/t; opening stock falls 0.41%
EGA brings forth the significance of its proposed Inola aluminium project amidst local opposition EGA brings forth the significance of its proposed Inola aluminium project amidst local opposition
Feb .11.2026
EGA brings forth the significance of its proposed Inola aluminium project amidst local opposition