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Iron Ore

Commodity · USD/t
110.47

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 -2.53 -2.24%
1 Month -18.70 -14.48%
3 Month -24.61 -18.22%
6 Month -10.82 -8.92%
1 Year -18.44 -14.30%

At Market Close · 18/03

ASX Iron Ore Companies

Closed - 03/2024
-
Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
AKO
Akora Resources Ltd
$0.150 0.00 0.00% $0.150 $0.150 2,000 $14.25 M 0.00%
BCI
BCI Minerals Ltd
$0.225 +0.005 +2.27% $0.230 $0.225 272,482 $637.74 M -4.19%
BCK
Brockman Mining Ltd
$0.024 0.00 0.00% $0.024 $0.024 1 $222.73 M -7.69%
BHP
BHP Group Ltd
$43.11 +0.70 +1.65% $43.12 $42.58 2,926,938 $218.51 B +0.35%
CIA
Champion Iron Ltd
$7.05 +0.02 +0.28% $7.06 $6.88 345,775 $3.65 B -1.67%
CLE
Cyclone Metals Ltd
$0.001 0.00 0.00% $0.000 $0.000 - $10.47 M -50.00%
CTM
Centaurus Metals Ltd
$0.305 +0.005 +1.67% $0.305 $0.300 1,093,535 $150.97 M -61.88%
CUF
Cufe Ltd
$0.012 0.00 0.00% $0.012 $0.012 557,529 $13.75 M -29.41%
DRR
Deterra Royalties Ltd
$4.77 -0.03 -0.63% $4.88 $4.75 564,611 $2.52 B +9.15%
EFE
Eastern Resources Ltd
$0.008 0.00 0.00% $0.000 $0.000 - $9.31 M -31.82%
EQN
Equinox Resources Ltd
$0.240 0.00 0.00% $0.240 $0.240 6,827 $24.28 M +39.13%
FEX
FENIX Resources Ltd
$0.240 +0.005 +2.13% $0.243 $0.238 1,214,162 $166.71 M +2.13%
FHS
Freehill Mining Ltd
$0.007 0.00 0.00% $0.008 $0.007 4,021,421 $20.97 M +75.00%
FMG
Fortescue Ltd
$24.25 +0.56 +2.36% $24.25 $23.78 3,679,256 $74.66 B +16.59%
FMS
Flinders Mines Ltd
$0.490 0.00 0.00% $0.000 $0.000 - $82.74 M -2.00%
GEN
Genmin Ltd
$0.180 0.00 0.00% $0.000 $0.000 - $89.26 M 0.00%
GRR
Grange Resources Ltd
$0.403 +0.003 +0.63% $0.405 $0.395 844,732 $465.83 M -43.71%
GWR
GWR Group Ltd
$0.105 0.00 0.00% $0.000 $0.000 - $33.73 M 0.00%
HAV
Havilah Resources Ltd
$0.155 -0.01 -6.06% $0.165 $0.150 192,000 $49.08 M -53.03%
HAW
Hawthorn Resources Ltd
$0.070 0.00 0.00% $0.070 $0.070 11,032 $23.45 M -19.54%
HIO
Hawsons Iron Ltd
$0.034 -0.001 -2.86% $0.035 $0.034 216,068 $31.25 M -32.00%
HLX
HELIX Resources Ltd
$0.005 0.00 0.00% $0.005 $0.005 2,522,212 $11.62 M -23.08%
IRD
Iron Road Ltd
$0.060 +0.005 +9.09% $0.060 $0.060 15,525 $49.35 M -50.00%
JNO
Juno Minerals Ltd
$0.060 -0.004 -6.25% $0.063 $0.058 269,223 $10.92 M -29.19%
LCY
Legacy Iron Ore Ltd
$0.012 -0.002 -14.29% $0.014 $0.011 2,212,220 $92.56 M -29.41%
MGT
Magnetite Mines Ltd
$0.255 0.00 0.00% $0.260 $0.255 10,004 $25.1 M -59.30%
MGU
Magnum Mining and Exploration Ltd
$0.018 -0.001 -5.26% $0.018 $0.018 214,858 $14.57 M +5.88%
MGX
Mount Gibson Iron Ltd
$0.435 -0.005 -1.14% $0.440 $0.425 572,735 $528.47 M -14.71%
MIN
Mineral Resources Ltd
$68.42 +2.25 +3.40% $68.44 $66.60 296,884 $13.35 B -11.29%
MIO
Macarthur Minerals Ltd
$0.110 0.00 0.00% $0.000 $0.000 - $18.29 M -18.72%
PFE
Pantera Minerals Ltd
$0.044 0.00 0.00% $0.044 $0.044 253,335 $11.26 M -53.19%
PLG
Pearl Gull Iron Ltd
$0.025 0.00 0.00% $0.000 $0.000 - $5.11 M -28.57%
RHI
Red Hill Minerals Ltd
$5.40 0.00 0.00% $5.48 $5.40 1,496 $345.08 M +17.65%
RIO
RIO Tinto Ltd
$118.90 +1.42 +1.21% $118.90 $117.80 330,552 $44.14 B +4.31%
SRK
Strike Resources Ltd
$0.051 +0.002 +4.08% $0.051 $0.050 207,216 $14.47 M -13.56%
TI1
Tombador Iron Ltd
$0.014 0.00 0.00% $0.000 $0.000 - $30.22 M -41.67%
TMT
Technology Metals Australia Ltd
$0.260 0.00 0.00% $0.000 $0.000 - $67.13 M -18.75%
TNG
TNG Ltd
$0.084 0.00 0.00% $0.000 $0.000 - $116.63 M +5.00%
VMS
Venture Minerals Ltd
$0.020 0.00 0.00% $0.021 $0.020 4,076,834 $45.33 M -4.76%

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.