The iron ore price rose on Wednesday, as positive signals from China’s latest financial meeting boosted market sentiment.

The total trading volume of 2312 contract on the exchange was 127650 lots, with a turnover of about 4484.4397 million yuan.

Gina Rinehart’s Hancock Prospecting has delivered another mammoth profit as Australia’s richest person continues to diversify her interests beyond Hancock’s well-oiled iron ore cash machine.

Indian steel precision tube manufacturer Tube Investments of India Limited (TIIL) has firmed up plans to set up a greenfield production facility entailing an investment of $25.42 million, the company said in a statement on Tuesday,October 31.

$2 Billion Boost to Australia’s Critical Minerals ‘Arms’ Race

$2B investment boost for critical minerals industry

Speech to the International Mining and Resources Conference, Sydney

In the week ending on October 28, 2023, US domestic raw steel production was 1,707,000 net tons while the capability utilization rate was 74.3 percent.