Iron Ore News
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Updated 19 minutes ago
D/S Norden A/S, Europe’s biggest owner of ships hauling iron ore and coal, is making its first bet in three years that rates for Panamax vessels will rally from the lowest in more than a decade.
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Updated 34 minutes ago
Emerging-market stocks advanced to a one-week high as a stronger Japanese currency lifted global exporters. The Jakarta Composite Index surged to a record.
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Rates to transport dry-bulk commodities by sea will recover from unsustainable levels as fleet growth slows and demand advances on Asian exports and the U.S. economy, according to Deutsche Bank AG.
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The Chamber of Mines of Zimbabwe, which represents companies including Impala Platinum Holdings Ltd., rejected a proposal for the state to control mineral production and prices, a draft response from the industry organization obtained by Bloomberg News shows.
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Steel reinforcement-bar futures swung between gains and losses in Shanghai as investors weighed a rally in China’s stock market and positive data on home prices against high output and low raw material prices.
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Australia’s benchmark bond yield is offering the smallest premium over U.S. notes in 11 months as the sharpest predicted growth slowdown in four years spurs bets on further interest rate cuts.
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Western Australia’s Economic Regulation Authority asked Fortescue Metals Group Ltd., Australia’s third-biggest iron ore exporter, to change its pricing system after a company applied to use part of its rail.
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Ukrainian billionaire Victor Pinchuk filed a suit with London’s High Court against two other magnates from his country, accusing them of selling him a shell company eight years ago.
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The Baltic Dry Index, a gauge of costs to transport minerals and grains by sea, had the biggest weekly drop in six weeks, as demand for the two biggest vessels classes slowed.
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The cost of shipping liquefied petroleum gas had the biggest weekly gain on record as surging U.S. exports of the cooking fuel and chemicals feedstock sap vessel supply.
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