[ Mineral Resources Onslow Shipments Top 9.22 Million Tonnes ]

Australian miner Mineral Resources successfully completed major construction at its Lamb Creek iron ore project on October 6, 2026. The new open-pit mine is designed with an annual extraction capacity of 7.00 million tonnes, specifically engineered to extend the company's Pilbara Hub production profile by more than five years. The rapid capacity addition directly bolsters high-grade seaborne supply amidst broader macroeconomic pressures weighing on global iron ore prices. [SMM Iron Ore]

The American Iron and Steel Institute reported that US domestic raw steel production fell to 1.801 million net tons for the week ending October 3, 2026, marking a 2.4% week-on-week decrease. The national mill capacity utilization rate simultaneously dropped to 78.3%, down from 80.5% the prior week. Despite the weekly contraction, adjusted year-to-date production remains robust at 71.967 million net tons, representing a 5.3% volumetric increase over the 68.362 million net tons recorded during the same period last year. [SMM Iron Ore]

Havilah Consolidated Resources accelerated physical site preparations at its Milingui iron ore project in Gabon in early October 2026, transitioning the asset from exploration toward active exploitation. The developer has identified an initial 35 million tonnes of Direct Shipping Ore (DSO) to fast-track commercial exports with limited upfront processing requirements. The targeted DSO strategy provides a vital near-term revenue pathway while the company works to fully delineate and extract the deposit's estimated 500-million-tonne total resource. [SMM Iron Ore]