Tag archives: IO

Rio Tinto And Baowu Agree To Form Joint Venture With Pilbara Iron Ore Project 15/09/22

Rio Tinto, Baowu Joint Venture to Enhance Iron Ore Supply   Rio Tinto Group’s joint venture with China Baowu Steel Group Corp. to develop a new mine in Western Australia’s Pilbara region is set to longer-term iron ore supply.   The $2 billion Western Range mine is expected to come online in 2025. Its projected …

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Iron Ore DCE January Daily Technical Review 14/09/22

Verdict – Short-term neutral.   DCE iron ore January contract confirmed periodic high yesterday at 736.5 after a small correction today. In hourly chart, MACD widened below 0 axis. Slow stochastic KD deepened correction after a dead cross created in overbought area. CCI corrected close to bearish territory. The mid-run level correction needs confirmation on …

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Daily Virtual Steel Mill Report 14/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • U.S. August CPI growth rate at 8.3%, est. 8.1%, last 8.2%. The market expected that the Federal would prefer to initiate aggressive interest hike by 75 bps next week. • Chinese State Administration of Taxation indicated that from June to August, 3.553 million …

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