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Chinese property, banking pain has iron ore in bear pressure

Rio appears to be doing a pretty good job of controlling those costs, and there are new opportunities in terms of improving operational efficiency, including the first ore from the vital new Gudai-Darri mine. But it’s hard to shake off concerns that Australia’s big iron ore miners are facing worrying pressure, with falling demand and rising costs conspiring to stifle profitability. That’s important for investors – Rio’s shares fell 2.6 percent on Friday, picking up losses since their recent peak last month to 21 percent, while BHP fell 24 percent over the same period – but also for Australia’s state and federal governments, for which royalties and strong iron ore taxes have been a boon over the last few years. The supply side is not an issue here, given that large iron ore miners have strong cost discipline and keep volumes under control. But the demand picture is deteriorating as China’s economy continues to suffer. China’s economy is treading...

Big miners weigh on ASX as iron ore prices drop

The Australian stock market lost more than 1 percent of its value in early trade and Rio Tinto announced a weaker economic outlook from Russia’s invasion of Ukraine and China’s COVID-19 lockdown. Key points: The Dow Jones index fell 0.5% to 30,630, the S&P500 fell 0.3% to 3,791, while the Nasdaq Composite index was steady at 11,251. The FTSE 100 index fell 1.6 percent to 7,040, Germany’s DAX fell 1.9 percent to 12,520 and Paris’ CAC 40 fell 1.4 percent to 5,915. Australian stock market is down more than 1 percent in early trading, pulled in by big miners In the first half hour of trading, the All Ordinaries index was down 1.2 percent, or 89 points, to 6,764, and the ASX 200 index was down 1.3 percent, to 6,565. Sectors of interest to the market include miners, energy companies, banks and real estate. Big miners fell as iron ore prices plunged 4.8 percent to 104.96 dollars a tonne on recession fears. The Australian dollar fell to 67.42 US cents after surging ...

Here's how to fix low iron, a health risk exacerbated by COVID

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“Beauty is an iron mine,” says Australian mining magnate Gina Reinhart. He talked about a valuable resource, but iron is also very important for living organisms: from bacteria and fungi, to mammals like us. Shutterstock Iron acts as a key to various metabolic functions in our body. But iron deficiency remains one of the top global health risks recognized by the World Health Organization (WHO). ADVERTISEMENT CONTINUE READING BELOW Iron deficiency has become the most common micronutrient disorder worldwide, and COVID may exacerbate the problem. Iron is hard to come by The type of iron we mine is different from the biologically usable “free form” iron. Free-form iron has a tendency to jump between two chemical states, allows it to bind to various molecules, and participates in all sorts of important reactions in our bodies. But we see a different story again during the digestion of food. In our upper small intestine where iron is most effectively absorbed, free form iron tends to bin...

Eight sources of iron to include in your diet

If you want to avoid feeling tired, making sure you include plenty of iron sources in your diet is very important. This is because iron is a vital mineral your body needs to make hemoglobin, a type of protein in red blood cells that carries oxygen from your lungs to the rest of your body. Without enough iron, we cannot make enough red blood cells to transport oxygen, leading to health problems and symptoms such as extreme fatigue. Women are more prone to iron deficiency anemia due to blood loss during periods, and may want to consider supplements as a result. There are also some adjustments you can make to your diet to aid absorption, such as taking iron with vitamin C sources. “Iron absorption is highly dependent on the health of the digestive tract,” adds Dr Margarita Kitova-John, a GP, functional medicine physician and founder Lantern Clinic (opens in a new tab) . “It starts in the stomach and mostly occurs in the small intestine. Adequate secretion of hydrochloric acid in ...

Low iron is a health risk exacerbated by COVID. How to get more without reaching for supplements

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“Beauty is an iron mine,” says Australian mining magnate Gina Reinhart. He talked about a valuable resource, but iron is also very important for living organisms: from bacteria and fungi, to mammals like us. Iron acts as a key to various metabolic functions in our body. But iron deficiency remains one of the top global health risks recognized by the World Health Organization (WHO). Iron deficiency has become the most common micronutrient disorder worldwide, and COVID may exacerbate the problem. Iron is hard to come by The type of iron we mine is different from the biologically usable “free form” iron. Free-form iron has a tendency to jump between two chemical states, allows it to bind to various molecules, and participates in all sorts of important reactions in our bodies. But we see a different story again during the digestion of food. In our upper small intestine where iron is most effectively absorbed, free form iron tends to bind to oxygen, other minerals, and food components. ...