The Australian government foresees iron ore prices moderating further as global demand softens. 62% Fe iron ore fines spot prices in 2023 are seen averaging at $100/tonne, according to the industry ministry's latest Resources and Energy quarterly report. The benchmark iron ore price is projected...
Therefore iron ore is accepted as one of the most significant resources globally. Top countries that manufacture iron ore worldwide are Australia, Brazil and China. Besides, most developed countries such as Canada and Russia also take places on the top list. Annual Iron Ore Price Chart Year ...
On the supply side, global iron ore mine production and exports are also seasonally weaker in the first quarter of the year. That’s because Australia’s cyclone season can disrupt port operations, and heavy rains in Brazil can lead to mining and rail disruptions. Australia and Brazil are the...
Australia cuts iron ore price forecast The Australian government's commodity forecaster has lowered its iron ore price forecasts on weaker Chinese demand, but maintains that Australian exports will continue to rise as low-cost producers remain profitable. The Office of the Chief Economist (OCE...
Iron ore price rebounds on Jul 9 as economic outlook improved & policy expectations rise10 Jul 2024 16:05 reported by Stanley WangA A A Australia's iron ore 62% Fe, CFR China rebounded on July 9, slightly increasing by US$0.95 to US$109.7. As more than 20 provinces in China promote...
Iron ore prices rose on Tuesday as a tropical storm headed toward Port Hedland in top supplier Australia. Benchmark 62% Fe fines imported into Northern China rose 2.05% on Tuesday, to $121.07 per tonne. The most-traded September iron ore contract on China’s Dalian Commodity Exchange ended ...
Domestic Iron Ore RegionProductSpec.EXW Price ChaoyangC*66% acid710.0 TangshanC*66% acid955.0 ZiboC*64% alkali964.0 DayeC*64% acid1030.0 C*: Concentrate; RMB/dmt, Tax included Port Stocks RegionApr-257-day Change Total147.282.46 Australia60.480.99 ...
TheArgusiron ore fines 58pc Fe cfr Qingdao price was relatively stable in the October-December quarter, moving between $98/t and $87/t over those three months. By Avinash Govind Argus Iron Prices$/t
result, the pace of China's iron ore imports is expected to slow in the second half amid the prospect of cuts in domestic steel production intensifying toward year-end, while strong growth is expected in shipments from Brazil, Australia and India through the second half o...
Iron ore prices slumped by more than a quarter in 2024, as China’s economic problems and real estate sector crisis weighed on demand, while big miners in Australia and Brazil boosted supplies. Prices have edged up 3% this year on more positive signs in the Chinese economy, along with optim...