State-owned Transnet Port Terminals’ (TPT’s) Saldanha Iron Ore Terminal has embarked on a five-day shutdown for the maintenance and servicing of equipment on two tipplers, starting on April 15.
Rio Tinto reported a 5% fall in its first-quarter iron ore shipments on Wednesday, missing estimates, because of weather disruptions at ports and reduced production from some of its Western Australian mines.
US and British sanctions imposed on Russian nickel, copper and aluminum will further increase price volatility and supply uncertainty, Russian metals-producing giant Norilsk Nickel said on Tuesday.