Developed after more than 10 years of research, this method injects finely ground iron ore powder into a very hot furnace, causing an “explosive chemical reaction”, according to the engineers.

(Bloomberg) -- The world’s biggest miners, having cashed in on China’s once-rampant demand for iron ore, are starting to reel from the impact of their main customer’s economic struggles.

Goldman Sachs said it expects the spot price of iron ore will average about $US85 a tonne in the final three months of 2025, with a risk it could “temporarily ...

The result is unsurprising, as the iron ore market has been going through a challenging period. Still, CEO Mike Henry acknowledged the firm's strength in this part of the market cycle. Iron ore ...

But it won’t occur seamlessly, as the miner’s historical main profit-driver, its West Australian iron ore business, wanes even as it ramps up copper and potash as its future earnings and ...