London Commodity Brokers Ltd.
    • Home
    • About Us
    • Commodity News
    • Price Information
    Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
    To find out more, including how to control cookies, see here: Cookie Policy
    December 5, 2019

    Buying iron ore is getting more like shopping on Amazon

    Commodities, Iron Ore, Steel Industry

    By Krystal Chia | Bloomberg

    The world’s biggest iron ore miners are looking for novel ways of satisfying their customers and protecting market share in the $150 billion global industry.

    From selling through a mobile app to portside sales, the likes of BHP Group, Rio Tinto Group and Vale SA are looking for an edge with buyers of the steelmaking raw material in China, the top customer. The need to retain their business is becoming ever more critical amid forecasts that the market is around its peak.

    “For miners, Chinese import volumes are basically not going to grow the way they used to,” said Tomas Gutierrez, analyst at Kallanish Commodities Ltd. “Any increase in value for iron ore will come from either adding service to mills or from cutting out the traders.”

    Rio and rivals — who have spent more than a decade pumping billions into expansions to keep pace with China’s fast-rising appetite for iron ore — are now preparing for an era of slower growth and an eventual high point in the nation’s steel output…Full Story

    South African coal price surge, while others languish, is troubling SA mines shut operations because of Eskom

    Related Posts

    Coal, Commodities

    Anglo American, South32 walk away from thermal coal

    By Vanessa Zhou | Australian Mining Anglo American is the second company to cut off its South African thermal coal assets following a similar move by South32 last week. Anglo American plans to demerge its thermal coal operations in South Africa and establish a new holding company called Thungela Resources to hold the assets. The […]

    Coal, Commodities

    Coal snapshot: Mid-term outlook is positive

    Gerard Peter | Mining Review Africa While there is a concerted effort by nations to reduce reliance on coal for both energy and production purposes, research analyst Fitch Ratings believes that the medium-term outlook for the commodity remains buoyant. There can be no doubt that the coronavirus pandemic has had an effect on global demand […]

    Coal, Commodities

    ASIC raids mine at centre of fake coal testing claims

    By Liam Walsh | Australian Financial Review The corporate watchdog has raided the mining operation at the centre of allegations of fake coal analyses. Queensland police on Monday helped officials from the Australian Securities and Investments Commission execute a search warrant on TerraCom, which runs the Blair Athol coal mine in the central part of the […]

    London Commodity Brokers Ltd.
    © London Commodity Brokers Ltd.