A big jump in China's trade surplus buoyed the Australian dollar as dealers bet that the world's second-biggest economy was recovering faster than expected. China's monthly trade surplus widened to $US31.6 billion ($29.9bn) in December, ...
Tags: Dollar, trade surplus, Australian dollar, currency
In 2012, China exported 55.73 million mt of finished steel, up 14 percent year on year, as announced by the Chinese customs authorities on January 10. During the same period, China imported 740 million mt of iron ore, increasing by 8.4 ...
Tags: exports, finished steel, steel, finished steel exports
The Australian sharemarket closed higher to end a three day run of losses and defy market falls in the US and Europe. At the close today, the benchmark S&P/ASX200 index was 17.9 points, or 0.38 per cent, higher at 4708.1, while the ...
Tags: Australia, sharemarke, US, Europe
Swedish-based iron ore producer LKAB has announced that in December it has received the permit to resume operations at Gruvberget open-pit mine in Svappavaara, marking an important step for the company's plan to reach an annual output ...
Tags: Sweden, iron ore producer, LKAB, mine
Angang Group Hong Kong, a subsidiary of Liaoning Province-based Chinese steelmaker Anshan Iron and Steel Group Co. (Ansteel), has received approval from Australia’s Foreign Investment Review Board (FIRB) for the purchase of ...
Tags: Angang Group HK, FIRB, steelmaker, Ansteel, Gindalbie
Jilin Province-based Tonggang Mining Co., a subsidiary of Chinese steelmaker Shougang Tonggang Group, has announced that its Banshi iron ore mine, located in Jilin, produced iron ore concentrate amounting to 1.2721 million mt in 2012, up ...
Tags: Iron ore, Banshi mine, Tonggang Mining, iron ore mine
The sharemarket ended a three-day losing streak yesterday as the latest earnings results from US aluminium giant Alcoa reassured investors in the resources-heavy domestic bourse, with high-yield and defensive sectors of the market well bid. ...
Tags: aluminium, Alcoa, market well bid, aluminium market
It was assessed by SunSirs that in the tracked 100 spot commodities,35 commodities increased in prices, 19 fell and 45 remained unchanged on 08/01/2013.The largest rises were DRAWTEXTUREDYARN (1.88%),Iron ore (1.79%),PTA (1.70%),while the ...
Tags: China, Commodities Price, China economy, China market
It’s reported that the four major steelmakers in Indian announced to raise the prices of steel products by INR500~INR1,400/ton for January. Rashtriya Ispat Nigam Ltd (RINL) announced to increase its steel product prices by INR500/ton. ...
Tags: steelmakers, India, prices, products
On January 8, Nanjing-based Meishan Mining Company, a subsidiary of Chinese steel giant Baosteel, announced that in 2012 it produced 3.9898 million mt of raw iron ore and 2.3428 million mt of iron ore concentrate, with the latter indicating ...
Tags: Meishan Mining Company, steel giant, Baosteel, 2012, raw iron ore
Swiss-headquartered resources company Ferrexpo, whose main interests are in Ukrainian iron ore assets, has announced that in 2012 its overall iron ore pellet production decreased by 1.2 percent year on year to 9.7 million mt. The company's ...
Tags: iron ore pellet output, iron ore pellet, iron ore, iron ore assets
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
The sharemarket had it biggest fall in five weeks yesterday, with financial, material and industrial stocks leading the decline as global equity markets lost momentum following strong gains last week after the resolution of the US ...
Tags: sharemarket, financial, material, industrial stocks, global equity markets
The trade deficit for November widened to $2.6 billion, from $2.4bn in October, the Australian Bureau of Statistics said. That was the biggest monthly shortfall since March 2008 and wider than analysts' expectations of $2.3bn. At 5pm AEDT ...
Tags: trade deficit, Australian Bureau of Statistics, Australia
DATA showing only modest growth in US jobs during December dampened expectations that the Federal Reserve will bring its bond-buying program to an end sooner than expected, weighing on the greenback and helping lift the Aussie dollar in the ...