According to statistics, South Korea’s iron ore imports totaled 42.98 million tons during the first seven months, increasing by 23.5% year on year.

The US International Trade Commission voted on Wednesday that the domestic industry was not injured by imports of grain-oriented electrical steel from Japan, Germany and Poland, and as a result, no antidumping orders will be imposed.

Iron ore prices are at risk of falling to their lowest level since 2009 as increased supplies from Australia and Brazil boost a global surplus and prompt the closure of some higher-cost Chinese suppliers.

Seven domestic rare earth companies have formed an industrial alliance to sue Japan's Hitachi Metals for its patent monopoly in the United States.

China plans to cut on-grid power tariffs to reflect a fall in coal prices, a move that may put more pressure on power generation companies, a newspaper said Aug 7th.

The government has approved two major rare earth producers to become conglomerates by the end of this year in order to further consolidate the rare resources, combat smuggling and alleviate overcapacity in production.

World crude steel production for the 65 countries reporting to the World Steel Association (worldsteel) was 137 million tonnes (Mt) in June 2014, an increase of 3.1% compared to June 2013.

China’s announcement that rare earths export quotas for the second half of 2014 are the same as 2013, show the country’s reluctance to comply with WTO’s ruling. However, the moderate increase in quotas compared to H1 2014 suggests a slowly reviving demand i...