Iron ore prices have soared to multi-year highs this week as Chinese government stimulus spursinfrastructure building, boosting prices of the commodityeven amid a global pandemic.Get A Quote
Spot iron ore prices rose to around 130 a dry metric ton on Tuesday, according to commodity price reporting agency Argus. This is the highest level since 2014.
Mar 05, 2020nbsp018332China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built.
The sustained rally in iron ore prices comes after the price of the steel-making ingredient tanked to a trough of 80 a ton in March.
In July, China imported a record 112.65 million metric tons of iron ore, a rise of 24 from a year ago and up 10.8 from June, according to customs data.
China imported 11.8 more iron ore in the first seven months of this year as compared with the same period in 2019, Reuters calculations show. China also produced a record amount of crude steel in July.
quotBulk commodities continue to benefit from infrastructure investment in China. Steel production has been surprisingly strong and improving steel mill margins should keep the output resilient in the short term,quot the ANZ strategists said in their note note.A depleted iron ore stockpile also helps, the bank added.
Iron ore prices are also supported by concerns over Brailian supply, as the major producer is also a coronavirus hotspot. A dam disaster in 2019 had also hit supply.
quotContinued concerns over Brailx27s iron ore supply, as coronavirus cases and deaths continue to plague the countryx27s mining regions, have boosted iron ore prices along with strong Chinese demand as steel production has started to heat up with the countryx27s V-shaped recovery,quotFitch Solutions said in an Aug. 14 report.
Jun 12, 2020nbsp018332According to Wood Mackenie, Australias iron ore and LNG exports to China are up 8 and 9 year-to-date respectively, compared to a year ago. Chinese imports of.
Sep 27, 2020nbsp018332China is expected to import 1.2 billion tons of iron ore this year, 1.3 billion in 2021 and 1.4 billion in 2022. High iron ore prices and difficult economic conditions have accelerated the closure.
The plant, which will be the fifth large iron ore pelletising plant delivered by Metso Outotec in China, is based on our environmentally sound travelling grate technology, says Tobias Stefan, Vice President, Ferrous amp Heat Transfer business line at Metso Outotec. Pellet production at the Zhong Tian plant is estimated to start by the end of 2021.
Oct 30, 2020nbsp018332The plant, which will be the fifth large iron ore pelletising plant delivered by Metso Outotec in China, is based on our environmentally sound traveling grate technology, said Tobias Stefan, Vice President, Ferrous amp Heat Transfer business line at Metso Outotec. Pellet production at the Zhong Tian plant is estimated to start by the end of 2021.
Metso Outotec has signed a contract with Beijing Shougang International Engineering Technology Co. Ltd on the delivery of new environmentally sound technology for Zenithrsquos Zhong Tian iron ore pelletising plant to be built in Nantong, China. The order value is not disclosed. The contract has been booked into Metso Outotecrsquos 3Q20 orders received.
Metso Outotecs scope of delivery covers the engineering and design of the indurating system, engineering of the process gas fan system, supply of proprietary equipment, instrumentation and control systems, as well as supervisory services and technical training. The core of the plant is Metso Outotecrsquos travelling grate pellet indurating furnace, which has a grate area of 432 m2.
ldquoWe are very pleased to have been awarded this contract. The plant, which will be the fifth large iron ore pelletising plant delivered by Metso Outotec in China, is based on our environmentally sound traveling grate technology,rdquo said Tobias Stefan, Vice President, Ferrous amp Heat Transfer business line at Metso Outotec.
Pellet production at the Zhong Tian plant is estimated to start by the end of 2021. Metso Outotecrsquos travelling grate technology produces uniform pellets and ensures high performance and quality with low investment and operating costs, as well as decreased energy consumption and emissions.
Read the article online at httpswww.globalminingreview.comenvironment-sustainability30102020metso-outotec-wins-order-for-large-iron-ore-pelletising-plant-in-china.
US Gold Corp. has provided an update on the pre-feasibility study PFS in progress at the CK Gold Project, located just outside of Cheyenne, Wyoming, USA.
Jul 10, 2017nbsp018332Iron ore and iron ore pellets are important sources of iron for manufacturing steel. The iron ore production has significantly expanded in recent years, owing to increasing steel demands in developing countries, such as China and India. However, the content of iron ore in deposits has deteriorated and low-grade iron ore has been processed.
we are engaged in offeringIron Ore Beneficiation Plant. These are preferred for their features like longer working life and robust construction.
May 21, 2020nbsp018332Miners and the federal government denied there was a serious threat to iron ore or coal exports to China. China this week announced changes to its inspection processes for iron ore imports.
Aug 21, 2020nbsp018332China imported 11.8 more iron ore in the first seven months of this year as compared with the same period in 2019, Reuters calculations show. China also produced a.
nbspWe help in commissioning of these beneficaiton plants with spiral classifier and magnetic separator.
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