Dalian iron ore futures rose on Thursday as key supplier Australia began preparing for a potential tropical cyclone, while worries over rising coronavirus cases in China weighed on prices of the steelmaking raw material in Singapore. The most-active May iron ore contract on China’s Dalian Commodity Exchange ended a volatile morning session 0.7% higher at .
The cyclone, to be named Lucas, is expected to make landfall late on Friday.
Western Australia s Department of Fire and Emergency Services has issued a blue alert for communities between Beagle Bay and De Grey, on the north-coast, including tourist hotspot Broome.
Much of the Pilbara region, including Port Hedland, is no longer expected to be impacted.
Residents have been urged to brace damaging winds and tourists have been evacuated as Cyclone Lucas prepares to make landfall in Western Australia (pictured, graphic depiction of where Cyclone Lucas is expected to make landfall)
Western Australia s Department of Fire and Emergency Services has issued a Blue alert for communities between Beagle Bay and De Grey, on the north-coast, including tourist hotspot Broome (pictured, Western Australia following Cyclone Veronica in 2019)
Port Hedland empties in preparation for Cyclone Lucas
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Port Hedland has cleared all large vessels from the port’s anchorage as Cyclone Lucas approaches the coast of Western Australia’s Pilbara region.
The tropical low, which the Bureau of Meteorology (BOM) anticipates to intensify into a category 2 cyclone system, is expected to make landfall by Saturday.
The Pilbara Ports Authority issued a cyclone warning on Wednesday as it commenced the clearing of anchorages from the port in anticipation of large swell and gale force winds.
“The low is forecast to bring significant swell from Thursday afternoon and gale force winds from Friday as it approaches the Pilbara coast,” the Pilbara Ports Authority stated.
This morning in metals news: the United States Trade Representative released its annually mandated report covering the WTO rules compliance of China and