MoneywebIron ore trades below $90 a ton for first time since 2024
Futures in Singapore were 0.3% lower at $90.15 as of 11:10 a.m. local time.
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MoneywebMoneywebBHP cuts 300 workers at Australian iron ore mines as costs rise
Iron ore prices have fallen around 14% since the start of the year, while the costs of mining and shipping the raw material have increased in part due to surging fuel prices.
Business BagelGold and platinum prices have soared, and South African mining output has barely moved
PwC's SA Mine 2026 report finds bigger reserves and longer mine lives for gold, platinum group metals and iron ore, while production rose just 2% and still trails 2019.
Business BagelAfrimat's quarries are growing nicely, but iron ore has pushed the group's core earnings into the red
A stronger rand and shipping costs up by almost half have left Afrimat expecting a headline loss for the six months to August, its toughest stretch since listing in 2006.