Iron |

Iron Ore Lumps, Pellets in Vogue as China Scrubs Nasty Skies

LAGOS (Capital Markets in Africa) – The global iron ore market is fracturing and that means form matters more than ever. Alongside a push for better grades, which has reshaped pricing patterns, and shunning of impurities that hurt efficiency, mills are now paying more for raw material that comes in lumps and pellets. “It’s not all about the grade of your product,” Macquarie Wealth Management said in a recent note that highlighted burgeoning investor interest in the trend….

Iron Risks Plunge to $40s as Marex Sounds Second-Half Alarm

Posted on by The Editorial Team

LAGOS (Capital Markets in Africa) – Iron ore prices that have steadied in recent weeks after a spectacular two-month rout may be set for another steep leg down in the second half, according to Marex Spectron, which forecasts that the commodity is at risk of sinking into the $40s as mine supply expands. “What we’re seeing six months from now are weaker demand and higher supply,” Georgi Slavov, head of research at the commodity broker, said in an…