Russian metals and mining giants lobby for massive merger

Rio Tinto marks a milestone with the shipment of 4 billion tonnes of Pilbara iron ore from Dampier Port to China Baowu Steel Group.

Russia has sent its first 12,000-tonne grain shipment from the new Lugaport terminal in Ust-Luga, aiming to boost exports via the Baltic Sea.

Russia plans to double the Lavna port’s rail capacity from 18 to 36-41 million tonnes annually, aiming to diversify trade routes and boost coal exports.

Steel imports at Port Houston’s multipurpose facilities increased by 48% in May compared to the same period last year.

A recent joint study says that Well-to-Wake emissions in the Pilbara-to-Asia iron ore export trade route can be reduced by over 90% by 2050.

Global iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.