Fortescue moves "down the cost curve"

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

Total shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.

Designing and installing new equipment might grab the headlines. But just as important for manufacturers is regular maintenance and inspection of systems.

As a result of the plan, Rio Tinto now expects to begin production one year earlier than planned on its side of the project, in October 2025.

The Finnish firm will deliver seven Larox FFP2512 pressure filtration units to Tosyali’s iron concentrator plant expansion in Algeria.

BHP and Hatch will design an electric smelting furnace pilot plant in support of a decision to construct this facility in Australia.