At the time of writing, shares of Atlas Iron Ltd [ASX:AGO] are up by 22.22%, to 4.4 cents, in today’s trading. Why did Atlas Iron shares jump so much? Find out here from Resource expert Jason…
Australia is one of the world’s largest iron ore producers. The metal is the foundation of the country’s biggest export industry.
Over 90% of extractions occur in Pilbara, Western Australia and are sent to China — the biggest purchaser of iron ore.
Our editors cover this sector frequently, highlighting the major Australian players, BHP Billiton Limited [ASX:BHP], Rio Tinto Limited [ASX:RIO] and Fortescue Metals Group Limited [ASX:FMG], as well as the smaller contributors. There are also many mid-tier, smaller companies contributing to the booming industry.
Iron Ore is Economically Significant
It’s an economically significant area — the trade accounts for a sizeable proportion of Australian employment — which we regularly review, from performance updates to the latest news.
The extraction process of iron ore consists of blasting hematite and magnetite rocks, removing resulting material from large open-pit mines, then crushing, screening and blending for local consumption or export. Once blended, 98% of mined material is smelted and alloyed with other metals (including nickel, chromium, manganese, vanadium, molybdenum or titanium) for use in varying types of steel production.
Iron ore is a relatively low-cost material and is used 20-times more than any other structural building material.
It’s the most desirable building product, because of its strength, durability and incredible versatility.
It’s an indispensable tool to civilization and has been used for the last 3,000 years.
If you’re interested in learning more about the industry and reading the latest analysis on iron ore, you’ve come to the right place. Read on below.
With its shares growing by 1.70% today, BHP continues to expand its business on great turnover results across all of its projects.
The mining giant isn’t shying away from expanding its operations and increasing productivity across all sites. Its iron ore mines located in Western Australia, are now set to undergo an increase of production resources and…
Atlas Iron specialises in the basic materials sector and work as an independent ore company. Their main objectives are currently in their Abydos and Mt Webber mines, both located in Western Australia.
China’s government has been trying to clean up their act. They limit the amount of cars in busy cities. They’re one of the biggest investors in green energies. And now the government expects the steel…
Imagine if traders could see commodities dug out of the ground, driven to the port and shipped to customers. Such information would give commodity traders far more conviction when betting on future prices.
Nickel, nickel, nickel. It’s the metal on everyone’s lips. Or at least, it is for the metal traders out there.
Copper prices have retreated once again. Currently, it’s down 0.8% to US$6,810 per tonne. But traders are looking to the future and in turn, the futures market. And some of the stakes are growing to…
Start your (electric) engines folks. The metals market has gone bonkers for batteries. Electric car batteries, that is. The price of nickel, zinc, and aluminium all hit multi-year highs earlier this week.
The price of oil has gone on another tear overnight. This time, it was thanks to Saudi Crown Prince Mohammed bin Salman, after he voiced his support for OPEC (Organization of the Petroleum Exporting Countries)…
Move over iron ore, coal and oil. Commodities of the future include copper, cobalt and of course lithium. While you don’t hear the buzz surrounding it like you once did, the price of lithium has…
Despite a significant rally since the start of October, copper is finally trending down slightly. It comes after the metal reached a peak above US$7,000 a tonne for the first time since September 2014.
While all seems fine for now, there could still be some fallout. Japanese traders believe the full impact is hard to quantify. And with an ongoing investigation, the market isn’t out of the woods yet.
What more, energy consumption is expected to rise as millions more Chinese move from rural areas to urban cities.