The market has played a role in encouraging more action from enterprises to reduce emissions, the report showed.

Guinea’s giant Simandou iron-ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonisation efforts, according to Rio Tinto.

Australia-based iron ore miner Fenix Resources Limited has announced that it has completed a feasibility study for a new iron ore mine at the BeebynW11 deposit located in Western Australia.

India steel imports likely to hit seven-year high in July.

Weekly LME rebar futures trading volumes in the week to July 25 increased to 30,610 mt, up by 27,550 mt from 3,060 mt recorded July 18.

He noted that mining activity and export of iron ore was banned by the Indian government in late 2012.

Vale (NYSE: VALE) expects to start building “mega hubs” to make low-carbon iron ore products for the steel industry in the next six months to a year, the Brazilian miner said on Thursday.

World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.4 million tonnes (Mt) in June 2024, a 0.5% increase compared to June 2023.