Latest news with #ironore
Yahoo
13 hours ago
- Business
- Yahoo
Vale lowers forecast for 2025 iron ore agglomerates output
SAO PAULO (Reuters) -Brazilian miner Vale on Wednesday lowered its forecast for iron ore agglomerates production in 2025 to a range between 31 million and 35 million metric tons, from a previous estimate of 38 million to 42 million tons. Vale said that the change reflected current market conditions for pellets, adding that it had also decided to bring forward preventive maintenance at its Sao Luis pelletizing plant in the third quarter, suspending production during the period. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
3 days ago
- Business
- Yahoo
Rio Tinto And Hancock To Invest In Hope Downs 2 Project In Pilbara
Rio Tinto Group (NYSE:RIO) is among the 11 Best Copper Stocks to Buy Now. The firm and Hancock Prospecting will invest $1.61 billion, with Rio Tinto Group (NYSE:RIO) contributing $800 million, to develop the Hope Downs 2 iron ore project in the Pilbara area of Western Australia. Aerial view of an open pit mine, with workers extracting minerals. Two above-water-table pits with a combined yearly production capacity of 31 million tonnes will be part of the project, which has obtained all necessary State and Federal licenses. More than 950 jobs will be created during construction, and the operation will support about 1,000 full-time equivalent positions at Greater Hope Downs. It is anticipated that the first ore will be mined in 2027 and then delivered to Hope Downs 1 for processing. Rio Tinto Group (NYSE:RIO) and Hancock Prospecting have a long-standing cooperation, which was marked with the establishment of the Hope Downs Joint Venture in 2006. Hope Downs 1 started production in 2007, subsequently followed by Hope Downs 4 in 2013. Hope Downs 2 will feature additional infrastructure, rail crossings, transport roads, and a 6-kilometer realignment of the Great Northern Highway. Rio Tinto Group (NYSE:RIO)'s plan to maintain Pilbara output, which targets 345–360 Mtpa capacity, is backed by the project. The $13 billion investment plan (2025-2027) and an initial feasibility study at Rhodes Ridge show the company's sustained commitment to Pilbara iron ore. It is among the best copper stocks. While we acknowledge the potential of RIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Yahoo
3 days ago
- Business
- Yahoo
Rio Tinto And Hancock To Invest In Hope Downs 2 Project In Pilbara
Rio Tinto Group (NYSE:RIO) is among the 11 Best Copper Stocks to Buy Now. The firm and Hancock Prospecting will invest $1.61 billion, with Rio Tinto Group (NYSE:RIO) contributing $800 million, to develop the Hope Downs 2 iron ore project in the Pilbara area of Western Australia. Aerial view of an open pit mine, with workers extracting minerals. Two above-water-table pits with a combined yearly production capacity of 31 million tonnes will be part of the project, which has obtained all necessary State and Federal licenses. More than 950 jobs will be created during construction, and the operation will support about 1,000 full-time equivalent positions at Greater Hope Downs. It is anticipated that the first ore will be mined in 2027 and then delivered to Hope Downs 1 for processing. Rio Tinto Group (NYSE:RIO) and Hancock Prospecting have a long-standing cooperation, which was marked with the establishment of the Hope Downs Joint Venture in 2006. Hope Downs 1 started production in 2007, subsequently followed by Hope Downs 4 in 2013. Hope Downs 2 will feature additional infrastructure, rail crossings, transport roads, and a 6-kilometer realignment of the Great Northern Highway. Rio Tinto Group (NYSE:RIO)'s plan to maintain Pilbara output, which targets 345–360 Mtpa capacity, is backed by the project. The $13 billion investment plan (2025-2027) and an initial feasibility study at Rhodes Ridge show the company's sustained commitment to Pilbara iron ore. It is among the best copper stocks. While we acknowledge the potential of RIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Yahoo
3 days ago
- Business
- Yahoo
Rio Tinto And Hancock To Invest In Hope Downs 2 Project In Pilbara
Rio Tinto Group (NYSE:RIO) is among the 11 Best Copper Stocks to Buy Now. The firm and Hancock Prospecting will invest $1.61 billion, with Rio Tinto Group (NYSE:RIO) contributing $800 million, to develop the Hope Downs 2 iron ore project in the Pilbara area of Western Australia. Aerial view of an open pit mine, with workers extracting minerals. Two above-water-table pits with a combined yearly production capacity of 31 million tonnes will be part of the project, which has obtained all necessary State and Federal licenses. More than 950 jobs will be created during construction, and the operation will support about 1,000 full-time equivalent positions at Greater Hope Downs. It is anticipated that the first ore will be mined in 2027 and then delivered to Hope Downs 1 for processing. Rio Tinto Group (NYSE:RIO) and Hancock Prospecting have a long-standing cooperation, which was marked with the establishment of the Hope Downs Joint Venture in 2006. Hope Downs 1 started production in 2007, subsequently followed by Hope Downs 4 in 2013. Hope Downs 2 will feature additional infrastructure, rail crossings, transport roads, and a 6-kilometer realignment of the Great Northern Highway. Rio Tinto Group (NYSE:RIO)'s plan to maintain Pilbara output, which targets 345–360 Mtpa capacity, is backed by the project. The $13 billion investment plan (2025-2027) and an initial feasibility study at Rhodes Ridge show the company's sustained commitment to Pilbara iron ore. It is among the best copper stocks. While we acknowledge the potential of RIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None.
Bloomberg
3 days ago
- Business
- Bloomberg
Australia Cuts Commodity Export Outlook Despite Gold Price Gain
Australia cut its forecast earnings from commodity exports, as a meteoric rise in gold prices fails to offset weakness in iron ore and natural gas. Total resource and energy export earnings fell about 7% to an estimated A$385 billion ($252 billion) in the 12 months through June, the Department of Industry, Science and Resources said in a quarterly report released Monday. Income is set to fall further in the next two years because of rising trade barriers, weaker global economic growth and declining prices, it said.
