China Beijing International Mining Exchange (CBMX) said it will transfer its physical iron ore trading platform to the newly-formed Beijing Iron Ore Trading Center Corporation (Corex).

The novel coronavirus (2019-nCoV) is set to accelerate what the trade wars started: the diversification of global supply chains.

The iron ore market has been on a general uptrend so far in 2019, with prices hitting their highest levels since late April 2014. The market has been focused on the effects exerted by the supply side and especially China’s restrictions on blast furnace operations, which may have the greatest influence on prices.

Here are five Fastmarkets MB stories you might have missed on Thursday June 27 that are worth another look.

Physical iron ore markets continued to strengthen on Friday May 17, with the seaborne price breaching $100 per tonne cfr China for the first time in five years amid bullish futures.

Chinese steel mills have agreed with Rio Tinto and BHP Billiton to set lump-over-fines premiums at $0.101-0.106 per dry tonne unit for the third quarter, little changed from the previous quarter.

Global steel producer Tata Steel has launched its second test campaign at its iron-making project in the Netherlands, the company said on Thursday October 4.

China has become the savior of the global steel market, with its big appetite and high domestic prices supporting the international ferrous supply chain amid the Covid-19 pandemic.

EMED Mining ceo and company founder Harry Anagnostaras-Adams has resigned, effective immediately, the company said on Thursday September 19.

Allegations of corruption involving mining contracts have catapulted Guinea, an impoverished but mineral-rich West African nation, into the headlines.