Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Coke Coal Pig Iron Steel Billet Finished Steel

New Energy

Solar Lithium Cobalt Cathode Material Phosphorus Carbon Anode Separator Electrolyte Battery Cell And Module Battery Recycling Nickel And Manganese Other Materials Sodium-ion Battery Hydrogen Energy

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Large iron-rich deposit discovered in Shandong

Large iron-rich deposit discovered in Shandong

Aug 21, 2019 17:02

Source:SMM

It has an average Fe grade of 55.97%

SHANGHAI, Aug 21 (SMM) – A new iron-rich mine with an average Fe grade of 55.97% was discovered in the Litun orefield in Qihe-Yucheng area of Shandong province, the Shandong Bureau of Coal Geology announced on August 15.

The mine has a maximum iron grade of 66.46%, and an average magnet grade of 49.32%.

The discovery is likely to facilitate the establishment of a large iron-rich mine development base in Shandong.

Market commentary

Iron ore

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Iron ore prices have continued to decline recently. Iron ore futures touched limit down in the morning market. The most-traded 2201 contracts created a record low of 565.5 yuan/mt, weakening the ferrous metals prices.

Nov 2, 2021 15:00

SMM Comments SMM Insight

The Reasons for Limit Down of Iron Ore Prices

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

Shanghai base metals were mostly lower on Tuesday morning as investors awaited the release of China's trade data for June. Meanwhile, their counterparts on the LME also fell for the most part.

Jul 13, 2021 10:00

SMM Comments

SMM Morning Comments (Jul 13): Shanghai base metals were mostly lower as investors awaited China's trade data for June

25 steel companies in Tangshan to shut down 12 blast furnaces, 8 converters, and 29 sintering machines before autumn and winter

The Tangshan Municipal Bureau of Ecology and Environment held a meeting on May 23, which includes in-depth governance of steel enterprises, capacity replacement, total emission reduction, and transformation and upgrading.

Jun 1, 2021 10:07

Industry

25 steel companies in Tangshan to shut down 12 blast furnaces, 8 converters, and 29 sintering machines before autumn and winter

Iron ore arrivals at Chinese ports shrank 2.4 million mt on week

A total of 75 vessels carrying 9.91 million mt of iron ore arrived at major Chinese ports during April 18-24, SMM estimates. This was down 2.4 million mt from the previous week and 1.3 million mt from the same period last year.

Apr 27, 2021 10:27

Analysis

Iron ore arrivals at Chinese ports shrank 2.4 million mt on week

What is the specific effect of RCEP on the nonferrous metals market in China?

Ten ASEAN countries, China, Japan, South Korea, Australia and New Zealand signed the world’s largest trade agreement, the Regional Comprehensive Economic Partnership or RCEP, on November 15. The signing of RCEP is an important step for Asia-Pacific countries to uphold multilateral trading system and build an open world economy.

Nov 17, 2020 14:02

Industry

What is the specific effect of RCEP on the nonferrous metals market in China?

Completion of maintenance pushed operating rates at domestic mines higher in October

Operating rates at domestic iron ore mines in October rose 0.7 percentage point from September, with operating rates at private mines 0.4 percentage point higher and 1.1 percentage points higher at state-owned mines.

Nov 9, 2020 12:00

Analysis

Completion of maintenance pushed operating rates at domestic mines higher in October

Tangshan imposed stricter winter production restrictions

The 2020-21 winter production restrictions have been issued in the Beijing-Tianjin-Hebei Region, Tangshan and Yangtze River Delta, but this was met with subdued impact from the iron ore market, as the disruption on blast furnace operation is limited.

Nov 6, 2020 11:09

Industry

Tangshan imposed stricter winter production restrictions

Iron ore arrivals at Chinese ports down 2.47 million mt YoY last week

The iron ore market may continue to face supply pressure in the medium-to-long term. Mining company BHP said on Tuesday that it plans to expand its iron ore export capacity from Australia's Port Hedland shipping hub, by as much as 14% to 330 million mt/year. Its forecast shipments for 2020 stand at 273-286 million mt.

Apr 28, 2020 14:27

Analysis

Iron ore arrivals at Chinese ports down 2.47 million mt YoY last week

Australian, Brazilian iron ore shipments drop on week

Shipments from Australia dropped 3.89 million mt from the prior week to 12.04 million mt in the week ended Jul 6

Jul 9, 2019 14:13

Analysis

Australian, Brazilian iron ore shipments drop on week

Iron ore port stocks fall slower on week

Daily average deliveries from ports declined as output controls kept steel mills from stockpiling

Jul 5, 2019 16:55

Analysis Industry

Iron ore port stocks fall slower on week

SMM Events & Webinars

All

Oct
20
- Li-ION BATTERY China
  Oct 20 - 21,2025
  Xiamen, China
Oct
20
- APAC (10th) Stainless Steel Industry Conference 2025
  Oct 20 - 21,2025
  Xiamen, China
Oct
22
- 2025 15th APAC TIN INDUSTRY CONFERENCE
  Oct 22 - 24,2025
  The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.
  Yunnan · Gejiu

Large iron-rich deposit discovered in Shandong

SMM Events & Webinars

Li-ION BATTERY China

APAC (10th) Stainless Steel Industry Conference 2025

2025 15th APAC TIN INDUSTRY CONFERENCE