1 RIO TINTO REACHES $138.75 MILLION SETTLEMENT OVER MONGOLIAN MINE WWW.REUTERS.COM PUBLISHED:2025/06/19      2 THE FALL OF MONGOLIA’S COALITION GOVERNMENT: AS ONE CHAPTER CLOSES, ANOTHER OPENS WWW.ARCTUSANALYTICS.COM PUBLISHED:2025/06/19      3 PETRO MATAD SEES KEY MILESTONE IN MONGOLIA AS IT BANKS FIRST OIL PAYMENTS WWW.PROACTIVEINVESTORS.COM.AU  PUBLISHED:2025/06/19      4 GOVERNMENT DISCUSSES AMENDMENTS TO STATE BUDGET AT ITS FIRST SESSION WWW.MONTSAME.MN PUBLISHED:2025/06/19      5 CROSS-PLATFORM INTEGRATION IN ASIAN GADGETS WWW.TRADEFLOCK.COM  PUBLISHED:2025/06/19      6 MONGOLIA’S ‘DRAGON PRINCE’ DINOSAUR WAS FORERUNNER OF TYRANNOSAURUS REX WWW.REUTERS.COM PUBLISHED:2025/06/19      7 16 KILLED IN WATER-RELATED ACCIDENTS IN MONGOLIA SO FAR THIS YEAR WWW.XINHUANET.COM PUBLISHED:2025/06/19      8 ADB LAUNCHES 2ND MONGOLIAN TOGROG BOND IN 2025 WWW.XINHUANET.COM PUBLISHED:2025/06/18      9 G.ZANDANSHATAR: ONE-THIRD OF PREVIOUS GOVERNMENT RETAINED TO CONTINUE MEGA PROJECTS WWW.GOGO.MN PUBLISHED:2025/06/18      10 EBRD LENDING UP TO MNT 26.2 BILLION TO SUPPORT MONGOLIA’S AUTOMOTIVE SECTOR WWW.EBRD.COM PUBLISHED:2025/06/18      РОЙТЕРС: RIO TINTO КОМПАНИ МОНГОЛЫН УУРХАЙН МАРГААНЫГ 138.75 САЯ ДОЛЛАРООР ЗОХИЦУУЛЛАА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/19     Г.ЗАНДАНШАТАРТ БНХАУ-ЫН ТӨРИЙН ЗӨВЛӨЛИЙН ЕРӨНХИЙ САЙД ЛИ ЧЯН БАЯР ХҮРГЭЖ, ЗАХИДАЛ ИЛГЭЭВ WWW.ZINDAA.MN НИЙТЭЛСЭН:2025/06/19     “МОНГОЛ ШУУДАН” ХК БОЛОН “НЬЮКОМ” ГРУПП ХАМТРАН ДРОНООР ХҮРГЭЛТ ХИЙХ ТУРШИЛТЫГ АМЖИЛТТАЙ ХИЙЛЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/19     УЛААНБААТАРЫН ХОЁР ДАХЬ ТОМ ЗАДГАЙ ТАЛБАЙ СОНГИНОХАЙРХАН ДҮҮРЭГТ АШИГЛАЛТАД ОРНО WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/19     Б.ЖАВХЛАН: 2025 ОНЫ ТӨСВИЙН ХӨРӨНГӨ ОРУУЛАЛТЫН ЗАРДЛЫГ 535 ТЭРБУМ, УРСГАЛ ЗАРДЛЫГ 1.8 ИХ НАЯДААР БУУРУУЛНА WWW.EAGLE.MN НИЙТЭЛСЭН:2025/06/19     А.ТӨМӨРИЙГ ЭРГҮҮЛЭН ТАТАХГҮЙ БАЙСААР БҮРЭН ЭРХИЙН ХУГАЦАА НЬ ДУУСАЖ, ТАЛИЙГААЧИЙН ХЭРЭГ МАРТАГДАВ WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/19     БНХАУ-ААС КОКОСЖСОН НҮҮРС ТАТВАЛ АДАГЛААД БАРЬЦАЛДУУЛАГЧИД 300 ТЭРБУМ ЗАРАХГҮЙ, УГААРТАХ ЭРСДЭЛ+АГААРЫН БОХИРДОЛ БУУРНА WWW.EGUUR.MN НИЙТЭЛСЭН:2025/06/19     МОНГОЛБАНК БЭЛЭГ ДУРСГАЛЫН ЗОРИУЛАЛТТАЙ АЛТАН ГУЛДМАЙГ ХУДАЛДААНД ГАРГАНА WWW.ITOIM.MN НИЙТЭЛСЭН:2025/06/18     ЗАСГИЙН ГАЗРЫН САЙД НАРЫН БОЛОВСРОЛ, НАМТАР WWW.GOGO.MN НИЙТЭЛСЭН:2025/06/18     ЗЭСИЙН ХҮДЭР, БАЯЖМАЛЫН ЭКСПОРТ 701.8 САЯ АМ.ДОЛЛАРООР НЭМЭГДЖЭЭ WWW.MONTSAME.MN НИЙТЭЛСЭН:2025/06/18    

Iron ore price back above $170 as China steel hits record www.mining.com

Iron ore prices rose on Tuesday, boosted by strong Chinese demand.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China (CFR Qingdao) were changing hands for $170.90 a tonne, up 1.43% from the previous trade.
SIGN UP FOR THE IRON ORE DIGEST
China’s steel prices also jumped to record highs, on concerns over supply curbs in the world’s biggest producer and exporter of construction and manufacturing material.
Construction steel rebar’s May contract on the Shanghai Futures Exchange ended the daytime trading session 2.1% higher at 5,180 yuan ($791) a tonne, after earlier climbing to 5,200 yuan, the highest on record or since 2011.
PRICES ARE EXPECTED TO HALVE BY THE END OF NEXT YEAR
Production restrictions in China’s top-steelmaking city of Tangshan during the peak demand season have brought down stocks at commercial warehouses and created a “bullish atmosphere” for the market, Sinosteel Futures analysts said in a note.
Iron ore was the best performing commodity in 2020, thanks to China’s early emergence from the pandemic and Beijing’s heavy spending on economic stimulus, particularly infrastructure.
Iron ore price reached its highest level since September 2011 in mid-January, at $174.07 per tonne. The benchmark hit an all-time high of $191.70 in February 2011.
Prices are expected to halve by the end of next year and then gradually decline to reach $72 a tonne in real terms by the end of 2026.
(With files from Reuters)


Published Date:2021-04-07