Iron Ore - General Commentary

[Value Collector]

You do not understand,@DrBourse , there was a giant dam built in China and yesterday IO became s super hero.. forever
Sarcastic obviously.
interesting data Dr, on how many years if i may ask?

Not built yet. It’s an 8 year project, and not just the worlds biggest dam, it’s in the Himalayas so will require hundreds of kilometres of new transmission lines, access roads, bridges and converts, obviously 100’s trucks and machines.

Obviously it’s not the be all and end all of the world economy, but it will produce a decent amount of steel demand, and every bit of demand helps support price.

 

[Value Collector]

FYI
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So a 13% rise like we have seen would be much higher than average.

 

[TimeISmoney]

Not built yet. It’s an 8 year project, and not just the worlds biggest dam, it’s in the Himalayas so will require hundreds of kilometres of new transmission lines, access roads, bridges and converts, obviously 100’s trucks and machines.

Obviously it’s not the be all and end all of the world economy, but it will produce a decent amount of steel demand, and every bit of demand helps support price.

The job markets are up in China, but it's hard to say how accurate the info is coming out of China.

 

[TimeISmoney]

You guys are going to make my hair go greyer than what it is.

 

[Value Collector]

You guys are going to make my hair go greyer than what it is.

View attachment 204418View attachment 204419

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None of this really matters, so don’t want to waste to much time talking about it, but those charts show the iron ore price dropping in July and not rising till Oct or Nov.

But my point is that clearly the sudden spike in Iron Ore this week is definitely related to the Chinese announcement or the dam and other stimulus. But the iron ore price has been to low for a while, and was just waiting for a catalyst, which these announcements were.

But, as I said even though it is a giant dam it’s not the be all and end all, it’s just one extra piece (giant piece) of extra demand that will being providing a little extra support to the iron ore price for the next 8 years or so.

 

[qldfrog]

Interesting read

China’s green steel push a reality check for Australia - Asia Times

Australia has flourished as an export powerhouse for decades. Much of this prosperity has been driven by the nation’s natural endowment with two important

asiatimes.com

 

[finicky]

Hadn't heard about this elsewhere? it's from an Indian publication, dated 7 June. Bullsheet?!

World’s largest iron ore mine discovered, $6 trillion find could make Australia unstoppable

Synopsis
A new iron ore deposit has been discovered in Australia's Hamersley region. The reserve is estimated at 55 billion metric tons. Its market value is approximately $6 trillion. The ore has over 60% iron concentration. This discovery will boost Australia's position in the global iron ore market. It will also bring major investments. New infrastructure development is expected in the region.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[farmerge]

Hadn't heard about this elsewhere? it's from an Indian publication, dated 7 June. Bullsheet?!

World’s largest iron ore mine discovered, $6 trillion find could make Australia unstoppable

Synopsis
A new iron ore deposit has been discovered in Australia's Hamersley region. The reserve is estimated at 55 billion metric tons. Its market value is approximately $6 trillion. The ore has over 60% iron concentration. This discovery will boost Australia's position in the global iron ore market. It will also bring major investments. New infrastructure development is expected in the region.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

@finicky A bit odd that a mine of this magnitude has not hit the headlines with the local press at least.
Perhaps scammers doing what they do best, setting up a scam.

 

[finicky]

@farmerge, good old A.I is saying it's true. Can't imagine it being a cause of celebration for current iron ore miners?

A.I.

"Yes, in mid-2025, geologists announced the discovery of the world's largest iron ore deposit in the Hamersley Ranges of Western Australia, a massive reserve of 55 billion metric tons of high-grade ore valued at approximately $6 trillion, a finding that is expected to significantly influence global mineral markets and geological understanding. This significant discovery was made possible by recent technological advances, including advanced isotopic analysis, which also revised the previously accepted age of the iron ore formations.

Key Details of the Discovery

Size and Value:
The deposit contains an estimated 55 billion metric tons of high-grade iron ore, with concentrations exceeding 60% iron, and is valued at approximately $6 trillion.

Location:
The deposit is located within the Hamersley Ranges in the Pilbara region of Western Australia.

Impact on Global Markets:
The discovery is predicted to reshape global mineral markets and potentially impact the global mining industry and commodity prices.

Geological Implications:
The findings suggest that previous geological theories about mineral formation processes and the age of the Hamersley iron ore formations may need significant revision.

Significance of the Find

Rewriting Geological History:
The discovery is being hailed as a major breakthrough that could rewrite significant portions of geological history and further establish Australia's position as a global leader in iron ore production.

Future Exploration:
The advanced dating and research associated with this discovery offer insights that could greatly boost future exploration efforts for more iron ore resources in the region."

 

[Dona Ferentes]

@finicky A bit odd that a mine of this magnitude has not hit the headlines with the local press at least.
Perhaps scammers doing what they do best, setting up a scam.

After skimming the empty words and gissip sheet generalisations, I tried to relieve the last paragraph and this is what pasted;

Do not copy this site's content!

I'd go further. do not visit this site again !!

is that the best you can do, pernickity?

 

[qldfrog]

i actually saw that headlines, and was wondering who own it.
in any case, developing a new mining resources in Australia will take a while

 

[farmerge]

i actually saw that headlines, and was wondering who own it.
in any case, developing a new mining resources in Australia will take a while

If this really does exist then only Rio, BHP, Fortescue or Gina (Hancock Mining) would be the go-to ones to develop it.

 

[divs4ever]

If this really does exist then only Rio, BHP, Fortescue or Gina (Hancock Mining) would be the go-to ones to develop it.

you still have Glencore with a desire to a better iron ore exposure ( and they still dream of swallowing RIO )

and depending on how much infrastructure is needed to get it up and running MIN might be capable of a major partnership in developing it , and FEX is growing in capability with transport and port facilities

huge is nice , but large resources can be mined fast or slow ( be careful that BHP doesn't buy this and put it on hold to limit competition , say for 10 oy 20 years )

 

[farmerge]

you still have Glencore with a desire to a better iron ore exposure ( and they still dream of swallowing RIO )

and depending on how much infrastructure is needed to get it up and running MIN might be capable of a major partnership in developing it , and FEX is growing in capability with transport and port facilities

huge is nice , but large resources can be mined fast or slow ( be careful that BHP doesn't buy this and put it on hold to limit competition , say for 10 oy 20 years )

I would have thought that a mountain of Fe this size would have already been pegged by one of the big four and done exactly that.
Put on the back burner for a considerable time.

 

[divs4ever]

I would have thought that a mountain of Fe this size would have already been pegged by one of the big four and done exactly that.
Put on the back burner for a considerable time.

considering the resource is 60%+ , i would have thought aerial surveys would have picked this up much earlier especially in the area .

are we being gaslighted ?

i remember a company ( now gone under ) that claimed to have large rich copper findings near Cloncurry , even had a TV game-show host as an ambassador

watch out for the wild rumors , especially on a rival forum .. this might become a P'n'D ( whether legit or not )

 

[Value Collector]

Hadn't heard about this elsewhere? it's from an Indian publication, dated 7 June. Bullsheet?!

World’s largest iron ore mine discovered, $6 trillion find could make Australia unstoppable

Synopsis
A new iron ore deposit has been discovered in Australia's Hamersley region. The reserve is estimated at 55 billion metric tons. Its market value is approximately $6 trillion. The ore has over 60% iron concentration. This discovery will boost Australia's position in the global iron ore market. It will also bring major investments. New infrastructure development is expected in the region.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

That’s a fake article, my mate sent me a similar one few months ago, and I couldn’t find any other credible sources confirming it, so I ask AI if it was true, at first it says it was true and quoted that same article, but then I ask if it was sure and then the AI confirmed that it had gotten carried away and on a second look it couldn’t find a credible source either .

Notice the only talk about it is just repeating the same vague “facts” will no real details.

 

[finicky]

India, the land of scammers

 

[mullokintyre]

India, the land of scammers

Be careful @finicky, Jacinta price got severely bagged for less than that.
Mick

 

[Dona Ferentes]

Be careful @finicky, Jacinta price got severely bagged for less than that.
Mick

it amazes me the lack of filters, aka gumption, some people exhibit.

 

[frugal.rock]

The Hammersley Ranges region is huge.
CRA were in the area years ago, still are, now Rio Tinto, formerly Conzinc Rio Tinto, with multiple mining areas.
Equinox Resources are trying to get something going as well, but have some heritage and permit issues before the courts.