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Iron ore retakes $US90

November 12, 2021 afndaily 0

The spot price of iron ore bounced back above $US90 amid reports that China is moving to limit the fallout from the debt issues that have plagued its property market. Chinese state-owned media published a […]

Markets

Bitcoin has delivered 99.996pc deflation

November 12, 2021 afndaily 0

On Wednesday (Thursday AEDT), US inflation data come in much hotter-than-expected. Almost immediately after the number hit the wires, bitcoin notched a record high. Coincidence? To many, it’s not so much a chance happening as […]

Markets

Iron ore price slump ends record trade surplus run

November 4, 2021 afndaily 0

Strong coal and gas exports in September failed to offset a large slump in the iron ore price that drove overall export values lower and ended Australia’s four back-to-back record trade surpluses. But at $12.2 […]

Markets

Iron ore back in bear market as steel output sours

November 3, 2021 afndaily 0

Australia’s number one export, iron ore, has been dragged back into a bear market by weakening steel production and an economic slowdown in China, pushing the price of the bulk commodity back below $US100 ($135) […]

Markets

Iron ore price penalties back to haunt Fortescue

October 28, 2021 afndaily 0

The price penalties imposed on Fortescue Metals’ iron ore rose for the third consecutive quarter, as the fading of the iron ore boom hits Australian producers of intermediate and lower grade products. Over the past three […]

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