Australia Iron Ore Exports Up 6% in Aug’19
Australia - world's largest iron ore exporter has recorded rise in iron ore shipment in Aug’19, according to the vessel line up data maintained with SteelMint. Australia's iron ore export shipments recorded at 75.51 MnT in Aug'19, up 6% as compared to 71.03 MnT in July’19. China marked the largest importer of Australian iron ore in Aug'19 at 62.21 MnT, up 8% M-o-M.
However Brazilian miner - Vale announced operation halt at its Viga concentration plant, which is part of newly acquired Ferrous Resources do Brasil (acquired on 1st Aug’19), due to permit issues. So it seems China increased its import volumes from Australia to compensate for Brazilian short supplies.
For CY’19 (Jan-Aug), the total Australian iron ore exports recorded declined by about 12 MnT to 556.94 MnT as against 568.73 MnT for same period CY18 (Jan-Aug’18). The exports dropped amid hindrance in exports caused due to tropical cyclone in Australia in Mar'19. As a consequence, major Australian miners reduced their shipments for the year.
Australian exports to China up 8% in Aug’19
China marked the largest importer of Australian iron ore in Aug'19 at 62.21 MnT, up 8% as against 57.75 MnT in July’19. Japan stood second largest importer for the month at 5.75 MnT followed by Korea at 5.16 MnT.
Australian exports to India recorded nil for the fifth consecutive month.
Port Hedland iron ore exports picked up 10% in Aug'19
In Aug'19, Port Hedland exported 45.41 MnT, up 10% against 41.30 MnT in July'19, followed by Walcott at 16.36 MnT (down 4% M-o-M) and Dampier at 12.63 MnT (up 13%).
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Aluminum price falls to one-month low in wider commodity slump
Skeena advances Eskay Creek permitting, unlocks Orion funding
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
