Expert predicts 25% fall in '09 iron-ore contract prices

Iron-ore contract negotiations this year between the big three producers and key customers will likely end with prices about 25% lower than in 2008, CRU Strategies Consultants COO Phil Newman said on Sunday. Some market watchers are predicting...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Assmang shuts ferromanganese smelters on steel cutbacks

Ferrous-metals miner Assmang will close three high-carbon ferromanganese furnaces at its Cato Ridge works, because of “extensive” steel production cutbacks. The closures, effective December 25, will leave three furnaces still in operation at...