China's iron ore resource tax cut to reduce costs by $4/mt
China's iron ore resource tax cut to reduce costs by $4/mt at most miners. Singapore The Chinese government's efforts to reduce domestic iron ore miners' production costs, with up to a Yuan 24/mt ($4/mt) cut in the resource tax from May 1, though welcome are not enough to make domestic production competitive against much cheaper overseas supplies, according to producers.
China plays hardball on iron ore but the iron ore miners
Aug 10, 20090183;32;Needless to say, the Chinese demands for huge price cuts and the detention of employees of foreign iron ore miners have brought negotiations to a standstill. That has pushed some Chinese iron and steelmakers into the spot market and pushed prices there up to $110 a metric ton.
Copper, aluminium prices higher after China's tax cut for
Copper, aluminium prices higher after China's tax cut for manufacturers Iron ore imports slow down in last 2 months; prices may go up by 7 10% Commodity outlook by Tradebulls Securities Buy lead, sell nickel Demand for higher steel grades to fuel imports in 2019 CARE Ratings
Rising iron ore prices pointing to Chinese stimulus
Iron ore prices rising in recent months. That has been great news for mining stocks including Andrew Twiggy Forrests Fortescue Metals (ASX FMG) which has rallied from $3.55 in October last year to as high as $4.75 this month. Pollution controls being relaxed. It is a little unusual for lower grade iron ores to lead the rally but some industry observers believe this is because there has
Miners big and small bank on China's hunger for high grade
Dec 20, 20170183;32;Miners big and small bank on China's hunger for high grade iron ore. Carpentaria Resources ( CAP.AX) needs A$25 A$30 million ($19 $23 million) for a feasibility study on the companys high grade Hawsons mine in South Australia, and managing
Can Chinas Iron Ore Imports in 2018 Keep Pace with Last
Chinas imports. In yet another sign of the weakening demand for iron ore, Chinas iron ore imports fell 15.7% sequentially in February 2018 and were flat year over year (or YoY). One of the reasons for lower demand could be the Lunar New Year break. January and February data combined showed that
China's iron ore futures rise as Vale cuts sales estimate
Mar 29, 20190183;32;Chinese iron ore futures rose on Friday, with the benchmark contract on track to post its fourth consecutive monthly gain, after miner Vale SA slashed its 2019 sales estimate for the steelmaking
China's iron ore tax cut puts heat on Australian miners
Just days after the Western Australian Government started giving royalty relief to junior miners like BC Iron, China's State Council announced that Chinese iron ore miners would receive a 6 yuan ($1.27) tax cut on each tonne of iron ore produced. Rio shares last traded at $54.66 and the stock is plumbing its lowest depths since January.
Tesla Raises Prices in China as Tariffs BiteWill Others
Auto growth and iron ore. This slowdown, in turn, could be detrimental to the interests of iron ore miners such as Vale SA and BHP . Next article. 18. Jul. ABT Stock Trading at a Record High on Stellar Q2 2018 Results the Chinese government's tax cuts could spur spending on its advertising services by businesses seeking to boost sales
Feb 07, 20130183;32;China iron ore miners take another swing at taxes. Assuming 10 to 15 percentage points were cut from the current 25% rate levied on miners, production costs would fall 70 yuan to 100 yuan per ton. However, a senior industry analyst said the cost of domestic iron ore would still be higher than $80 per ton.
Iron ore 2016 midyear outlook Bloomberg Professional
Major iron ore miners plan to increase output again in 2016, even with Chinese demand expected to decline for the second year in a row. The China Iron amp; Steel Association forecasts iron ore imports will fall to 920 million metric tons, from 953 million in 2015 and 933 million in 2014.
Chinese plans on implementing profit based tax system on
Nov 25, 20140183;32;Now this is a real irony, the Australian based iron ore miners have already cut back their taxes to the government claiming that the tax amount would affect their expansion, and now the main rivals of the Australian miners, the Chinese rivals are being promoted by the countrys government to encourage the supply glut by producing more iron
Feb 14, 20190183;32;China's iron ore imports will slow over the coming years in line with slowing steel production. India India's iron ore output growth will be supported by the removal of export taxes in the Union Budget for low grade ores and the country's Mines amp; Minerals (Development amp; Regulation) (MMDR) Act, which will streamline licensing and reopen closed mines.
Foreign investors wary of iron ore trading in China
Foreign investors wary of iron ore trading in China. However, he said the Chinese government might instruct steel mills to use more domestic iron ore and cut consumption of imports to set a benchmark for Asia, pushing the mills to the Dalian futures market to hedge risks.
Iron ore's darkish clouds create silver lining for Pilbara
2 days ago0183;32;A casual observer might have thought the past couple of weeks havent been good for our iron ore miners. Theyd be wrong. The sector has been hit by a spate of adverse events, most notably the
Nov 13, 20170183;32;Chinas economy and the policies of its government understandably have a big impact on iron ore prices. When the Chinese economy is in acceleration mode, iron ore prices generally pick up. At the same time, the actions of the miners also have an important bearing; shutting mines when prices and demand are lower can mean prices rise all the
BHP Premium Iron Ore Miners Set to Gain From China
BHP Premium Iron Ore Miners Set to Gain From China Reforms. China is handing producers of higher quality iron ore and coking coal an advantage over competitors with reforms to its steel industry. Thats according to BHP (ASX BHP ,NYSEBHP,LSEBLT), the worlds largest miner and a major iron ore producer. In an interview with Bloomberg,
Chinas Real Estate Indicators and Iron Ore Market Realist
Its important for iron ore investors to track Chinas real estate growth, as this sector accounts for the majority of steel consumption in China. Therefore, investors in iron ore companies such as BHP Billiton ( BHP ) (BBL), Vale ( VALE ), Rio Tinto ( RIO ), and Cliffs Natural Resources ( CLF ) should keep an eye on developments in Chinas property sector.
AUSTRALIA'S iron ore miners have won their long running battle with China's government owned steel producers after the China Iron amp; Steel Association backed down from its tough position on price cuts.
Chinese plans on implementing profit based tax system on
Nov 25, 20140183;32;Now this is a real irony, the Australian based iron ore miners have already cut back their taxes to the government claiming that the tax amount would affect their expansion, and now the main rivals of the Australian miners, the Chinese rivals are being promoted by the countrys government to encourage the supply glut by producing more iron ore in less tax amount, which will result in further decline of the iron ore