"Our refined copper balance for 2026 is now showing a deficit of around 600kt for 2026, following a deficit of around 200kt in 2025", the report stated.
Global iron ore prices are expected to remain 'rangebound', between USD 80 and USD 100 per tonne, over the period of 12-18 months, weighed down by weaker demand and high supply, Moody's rating said in a recent research note.
Platts assessed the 62 per cent Fe Iron Ore Index at USD 127.65/dry mt CFR North China on January 17, marking a decline from the 19-month high of USD 143.2/dmt observed on January 2, as per S&P Global Commodity Insights data, according to S&P Global Commodity Insights (GCI).
Beijing [China], May 7 (ANI): China may move towards reducing its steel demand in the near future as stakeholders in the industry are getting concerned about high iron ore prices amid growing tensions with its biggest supplier Australia.
Singapore, Dec 3 (ANI): Moody's Investors Service on Tuesday said that its 2020 outlook for the Asian steel sector is negative, reflecting weakening profitability for rated steelmakers amid softening demand, declining steel prices and elevated iron ore prices which is a key input in finished