Iron ore prices have fallen 8.6% over the past five trading sessions despite supply tightening due weather events crimping exports from key exporters Australia and Brazil, latest data showed Monday.
India's Ministry of Mines has approved a plan by state-run National Mineral Development Corp. to boost iron production from the Kumaraswamy mines in Karnataka by 42.8% to 10 million mt/year, the state-run miner said late Wednesday, giving a boost to its domest...