Australia’s Atlas Iron shipped a record of 10.9 million tonnes of iron ore in fiscal 2014, beating the miner’s target of 10.7 million tonnes for the period.

Australian iron ore producer Hancock Prospecting has made an all-cash bid to acquire Atlas Iron, the latter said on Monday June 18.

Metal Bulletin proposes changes to the pricing methodology for its Aluminium P1020 cif quarterly main Japanese ports (MJP) premium and Aluminium P1020 cif MJP spot premium.

The seaborne iron ore market was quiet at the start of the week, although news of output cuts at mills in a key steel production region in north China, shook market confidence.

It was another busy week for the Metal Bulletin journalists, with the LME, market movements and banks’ positions in commodity markets catching our attention.

Seaborne iron ore market experienced a slight downward correction on Friday July 29 after going above the $60-per-tonne level a day earlier.

BHP Billiton’s ceo Andrew Mackenzie said an inquiry into Australia’s iron ore industry was “unnecessary” as it sends the “wrong signal” to international customers about the country’s commitment to free trade.

High and volatile aluminium prices are likely to persist in the near term on uncertainty caused by the US Treasury Department's sanctions on Russian oligarch Oleg Deripaska and aluminium producer UC Rusal, investment bank Goldman Sachs said in a report on Thursday April 12.

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.

The seaborne iron ore market fell on Tuesday January 23 in line with the weakening steel billet prices and a falling futures curve.