Australian Iron Ore Exports To China Hit Six Month Low

Australian Iron ore exports to China from the world’s largest export terminal, Port Hedland fell to six-month low in January. Exports were affected by Cyclone Joyce, China bottlenecks and year end.  Port Hedland Terminal Source: Shipping News Iron ore shipments to China in January from the Port Hedland terminal fell 11.3 percent from a month ago to 34.7 million tonnes, their lowest since July, port data released showed. However whilst that is significantly lower than the 39.1 million tonnes in … Continue reading “Australian Iron Ore Exports To China Hit Six Month Low”

Australian Mining Giant Rio Tinto Declares Record Dividend, Increases Buyback

The rebound in prices of coal, copper, aluminum and iron ore has seen mining giant Rio Tinto’s profit and cash boom $RIO showed in it’s Q4 earnings report Wednesday, Iron ore stocks have been bid since the US Tax Reform bill. Lithium appears next for Rio to increase interest in.

Iron Ore Stocks Rally On Chile, US Tax and China Clean Air Reform

Tax Reform euphoria saw the Dow hit it’s 70th high for the year today and leading iron ore stocks went up with it. Leading iron ore stocks, $RIO, $BHP and $VALE have been receiving a boost with China’s clean air program, we also got positive election news for miners in Chile.