Iron Ore Logo

Iron Ore

Commodity · USD/t
133.31

Iron Ore isn't traded like most commodities. Please read the FAQs below.

Market Index tracks the industry standard NYMEX traded 62% Fe, CFR China in $US/metric tonne.

Iron Ore Chart

About the Price

Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.).

Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.

Growth in China (the world's largest consumer of metals) has affected the price of iron ore so much recently that the spot price can almost be considered a proxy for China's economic health.

Excel IconDownload the 40yr price history.

Performance USD/t Amount Change
1 Week +0.70 +0.53%
1 Month -19.16 -12.57%
3 Month -9.35 -6.55%
6 Month +39.92 +42.75%
1 Year -73.70 -35.60%

At Market Close · 24/05

ASX Iron Ore Companies

Closed - 05/2022
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Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
AKO Akora Resources Ltd
$0.25 -0.01 -3.85% $0.25 $0.25 11,250 $15.24 M -10.71%
BCI BCI Minerals Ltd
$0.38 +0.005 +1.33% $0.38 $0.38 5,349 $458.36 M -10.59%
BCK Brockman Mining Ltd
$0.042 0.00 0.00% $0.00 $0.00 - $389.77 M -14.29%
BHP BHP Group Ltd
$43.72 -4.08 -8.54% $43.74 $42.885 5,308,688 $221.32 B -7.92%
CIA Champion Iron Ltd
$7.87 +0.06 +0.77% $7.96 $7.81 638,760 $4.07 B +15.40%
CTM Centaurus Metals Ltd
$1.168 +0.028 +2.41% $1.17 $1.13 111,329 $498.65 M +62.15%
CUF Cufe Ltd
$0.027 0.00 0.00% $0.027 $0.027 2,150 $25.88 M -37.21%
DRR Deterra Royalties Ltd
$4.525 +0.025 +0.56% $4.57 $4.50 215,758 $2.39 B +7.74%
EFE Eastern Resources Ltd
$0.036 0.00 0.00% $0.036 $0.036 166,160 $35.8 M +227.27%
EQN Equinox Resources Ltd
$0.19 0.00 0.00% $0.00 $0.00 - $8.55 M -5.00%
FEX FENIX Resources Ltd
$0.325 -0.005 -1.52% $0.33 $0.32 1,350,890 $167.77 M +14.04%
FHS Freehill Mining Ltd
$0.023 +0.004 +21.05% $0.023 $0.02 153,480 $40.45 M -41.03%
FMG Fortescue Metals Group Ltd
$21.10 +0.33 +1.59% $21.15 $20.83 1,795,408 $64.97 B -2.86%
FMS Flinders Mines Ltd
$0.42 0.00 0.00% $0.00 $0.00 - $70.92 M -50.88%
GEN Genmin Ltd
$0.21 +0.01 +5.00% $0.21 $0.20 171,999 $59.49 M -27.59%
GRR Grange Resources Ltd
$1.555 -0.135 -7.99% $1.72 $1.535 5,917,613 $1.8 B +255.28%
GWR GWR Group Ltd
$0.12 -0.005 -4.00% $0.125 $0.12 60,735 $38.55 M -50.15%
HAV Havilah Resources Ltd
$0.275 +0.01 +3.77% $0.275 $0.26 307,016 $85.2 M +5.77%
HAW Hawthorn Resources Ltd
$0.12 0.00 0.00% $0.12 $0.12 1,936 $40.02 M +150.00%
HIO Hawsons Iron Ltd
$0.555 -0.025 -4.31% $0.59 $0.545 2,184,662 $396.85 M +264.41%
HLX HELIX Resources Ltd
$0.011 +0.001 +5.00% $0.011 $0.01 104,471 $24.39 M -74.39%
IRD Iron Road Ltd
$0.185 +0.01 +5.71% $0.185 $0.18 140,152 $147.73 M 0.00%
JNO Juno Minerals Ltd
$0.115 0.00 0.00% $0.115 $0.11 7,360 $15.6 M -36.11%
LCY Legacy Iron Ore Ltd
$0.023 -0.001 -4.17% $0.023 $0.023 100,000 $147.36 M +64.29%
MGT Magnetite Mines Ltd
$0.024 +0.001 +4.35% $0.025 $0.024 5,357,324 $91 M -60.30%
MGU Magnum Mining and Exploration Ltd
$0.059 +0.001 +1.72% $0.059 $0.059 119,829 $31.25 M -59.31%
MGX Mount Gibson Iron Ltd
$0.703 +0.003 +0.36% $0.71 $0.69 478,897 $850.42 M -18.79%
MIN Mineral Resources Ltd
$60.91 +0.28 +0.46% $61.74 $60.69 203,803 $11.52 B +39.45%
MIO Macarthur Minerals Ltd
$0.34 0.00 0.00% $0.00 $0.00 - $54.83 M -19.05%
PFE Pantera Minerals Ltd
$0.14 -0.005 -3.45% $0.14 $0.14 23,460 $7.07 M -30.00%
PLG Pearl Gull Iron Ltd
$0.036 0.00 0.00% $0.037 $0.036 230,935 $1.98 M -82.00%
RHI Red Hill Iron Ltd
$3.62 0.00 0.00% $0.00 $0.00 - $231.06 M +392.83%
RIO RIO Tinto Ltd
$113.29 +2.82 +2.55% $113.39 $111.11 366,568 $42.06 B -6.72%
SRK Strike Resources Ltd
$0.18 0.00 0.00% $0.18 $0.18 3,132 $48.6 M -29.41%
TI1 Tombador Iron Ltd
$0.034 0.00 0.00% $0.00 $0.00 - $38.01 M -65.66%
TMT Technology Metals Australia Ltd
$0.375 -0.005 -1.32% $0.38 $0.375 51,843 $78.21 M +13.64%
TNG TNG Ltd
$0.071 +0.001 +1.43% $0.072 $0.071 53,601 $98.58 M -18.39%
VMS Venture Minerals Ltd
$0.042 +0.001 +2.44% $0.042 $0.041 584,090 $70.14 M -56.25%

Australia is the world's largest iron ore exporter (and 2nd largest producer) accounting for around a third of global production.

Western Australia holds just over 90% of Australia's identified iron ore resources and has a reputation for producing consistently high concentrations of around 60%. Rio Tinto (RIO), BHP Billiton (BHP) and Fortescue Metals Group (FMG) account for ~90% of Australia's iron ore production (2014).

View an image of Australia's 2016 iron ore deposits and operating mines.

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FAQs

Historical Chart

The iron ore spot price became a mature benchmark in 2008 when Platts started publishing daily assessments. The Steel Index and Metal Bulletin followed suit shortly afterwards. The industry standard specification is 62% Fe (CFR China).

Resources

Excel Icon

Commodities Workbook

(Spreadsheet)

Download a spreadsheet of 62% FE spot (CFR Tianjin port) since 1980.

Map Icon

Australian Iron Ore Resources

(High-Definition Map)

A large 2MB image of Australia's iron ore deposits.

Map Icon

Australian Mineral Resources

(High-Definition Maps)

A list of Australia's major minerals with statistics and maps outlining all known deposits and operating mines.