Global miners confident China’s stimulus will help prop up iron ore demand

While there are uncertainties surrounding the strength of the demand and production of steel in China, miners such as Australia’s Fortescue Metals Group say there are so far no signs demand has crumbled given low levels of iron ore inventory at Chinese ports.

“The market is cyclical, it is generally determined by the outlook for steel production in China … and we saw China last year, produced just over a billion tons of crude steel,” Fortescue chief executive Elizabeth Gaines told CNBC’s “Capital Connection” on Monday, following the release of the company’s annual results.

Iron ore is a key ingredient for steel making, while steel is a raw material in many of China’s industries including the property sector.

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Cadence Minerals

More articles like this

Cadence Minerals

Cadence completes sale of Yangibana tenements

Early-stage investment and development company Cadence Minerals has completed the sale of 30% of its working interests in the Western Australia-based Yangibana rare earths project tenements to Australia-based rare earths company Hastings Technology Metals. Cadence received 2.45-million (worth A$9-million) of new ordinary

Cadence Minerals

Cadence Minerals portfolio company Evergreen to list on ASX

Cadence Minerals plc (LON:KDNC) has announced that Evergreen Lithium Limited has filed its admission Prospectus with Australian Securities & Investments Commission and the Australian Stock Exchange. Cadence owns approximately 15.8 million Evergreen shares which are anticipated to represent

Cadence Minerals

Iron ore futures Rise in bargain-buying bounce

Iron ore futures climbed on Wednesday, recovering from a decline in previous sessions, as investors returned to the market following China’s decision to curb excessive market speculation. The most-active May iron ore contract on China’s Dalian Commodity Exchange

Cadence Minerals

Iron ore climbs above US$120

Iron ore futures extended gains on Wednesday (Jan 11), with the Singapore benchmark contract vaulting past US$120 a tonne to hit a fresh six-month peak, as concerns over supply added support to prices already boosted by brightening demand prospects

Cadence Minerals

Cadence says Amapa study shows high-grade iron potential

Cadence Minerals has said its pre-feasibility study for the Amapa Iron Ore project in Brazil has delivered ‘robust economics’. The London-based early stage investment and development company focused on the mineral resource sector said the study confirmed the

Cadence Minerals

The different brands of lithium batteries for electric cars

Lithium batteries are an essential part of electric cars. They are what power the electric motor and allow the car to run without emitting any pollutants. There are many different companies that make lithium batteries for electric cars.

Cadence Minerals

Iron ore edges higher

Chinese iron ore and steel futures edged higher on Wednesday on optimism that surging COVID-19 infections in the country would prompt stimulus measures to shore up the world’s second-largest economy. Top steel producer China will likely map out

Cadence Minerals

Lithium demand to keep  ballooning beyond expectations

As the world continues to transition to electric vehicles, demand for lithium is expected to keep going up. Lithium demand is showing no signs of slowing down, supporting the high price levels seen in the past year. And

Cadence Minerals

Iron ore scales 23-week peak

Iron ore futures climbed on Tuesday, with the Dalian benchmark hitting its highest in 23 weeks, propped up by top steel producer China’s moves to ramp up support for struggling property developers. China’s securities regulator will allow China

Cadence Minerals

Iron ore extends rally on China demand hopes

Iron ore futures advanced on Friday and were set for their third straight weekly rise, as top steel producer China’s latest moves to shore up its flagging economy brightened demand prospects. Expectations that Beijing will take more policy

Cadence Minerals

Dalian iron ore hits 2-week high

Dalian iron ore climbed to its highest in two weeks on Tuesday, supported by persistent hopes of China easing its COVID-19 rules and technical buying, despite worries about a surge in new coronavirus cases in some Chinese cities

Cadence Minerals

Cadence sees 15-year mine life for Amapa in new MRE

A new Mineral Resource Estimate on Cadence Minerals’ Amapa iron ore project in Brazil has shown total measured, indicated and inferred mineral resources of 276.24 million tonnes, grading 38.33% Fe. The new measured resource, which is a first,

Cadence Minerals

Cadence Minerals steady increase in project value

Cadence Minerals plc (LON:KDNC) has updated shareholders on the progress of its principal investments. Highlights: ·      Completion of Amapa Ore Reserve Estimate supports planned 15-year mine life ·      Cadence increases Amapa stake to 30% through conversion of loans, capitalisation of

Cadence Minerals

Iron ore rises

Singapore and Dalian iron ore futures edged up on Monday, after data showed top steel producer China’s economy rebounded at a faster-than-expected pace in the third quarter, but concerns about COVID-19 curbs and property slump kept a lid

Cadence Minerals

Europe joins the ‘white gold’ rush for lithium

With the EU committed to making electric vehicles widely available by 2035, the demand for metals required to produce batteries, particularly lithium, is expected to explode. The market is currently dominated by a handful of countries, but Europe

Cadence Minerals

Interview with Kiran Morzaria

Cadence Minerals plc (LON:KDNC) provides mining services. The Company focuses on finding lithium and other technology minerals in new places, as well as offers extracting services.

No more posts to show