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Iron Ore

Commodity · USD/t
126.85

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 -2.32 -1.80%
1 Month -8.64 -6.38%
3 Month -2.99 -2.30%
6 Month +19.38 +18.03%
1 Year +1.08 +0.86%

At Market Close · 23/02

ASX Iron Ore Companies

Closed - 02/2024
-
Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
AKO
Akora Resources Ltd
$0.160 0.00 0.00% $0.160 $0.150 103,761 $15.2 M -3.03%
BCI
BCI Minerals Ltd
$0.245 0.00 0.00% $0.250 $0.245 514,254 $582.63 M -3.54%
BCK
Brockman Mining Ltd
$0.027 +0.003 +12.50% $0.027 $0.023 121,438 $250.57 M +3.85%
BHP
BHP Group Ltd
$43.97 -0.58 -1.30% $44.66 $43.81 7,595,615 $222.87 B -4.29%
CIA
Champion Iron Ltd
$7.87 +0.06 +0.77% $8.08 $7.85 1,233,042 $4.08 B +3.83%
CLE
Cyclone Metals Ltd
$0.001 0.00 0.00% $0.001 $0.001 28,437,000 $10.47 M -50.00%
CTM
Centaurus Metals Ltd
$0.250 -0.02 -7.41% $0.270 $0.245 816,117 $123.75 M -74.49%
CUF
Cufe Ltd
$0.014 0.00 0.00% $0.015 $0.014 1,244,100 $16.05 M -22.22%
DRR
Deterra Royalties Ltd
$4.98 -0.07 -1.39% $5.09 $4.95 1,429,959 $2.63 B +9.45%
EFE
Eastern Resources Ltd
$0.007 -0.001 -12.50% $0.008 $0.007 780,227 $8.69 M -56.25%
EQN
Equinox Resources Ltd
$0.290 +0.01 +3.57% $0.295 $0.285 56,048 $29.34 M +45.00%
FEX
FENIX Resources Ltd
$0.245 -0.01 -3.92% $0.260 $0.245 989,887 $170.18 M -10.91%
FHS
Freehill Mining Ltd
$0.009 0.00 0.00% $0.000 $0.000 - $26.96 M +125.00%
FMG
Fortescue Ltd
$27.85 -0.36 -1.28% $28.54 $27.57 6,380,733 $85.75 B +24.11%
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 -5.26%
GRR
Grange Resources Ltd
$0.430 +0.005 +1.18% $0.438 $0.430 1,276,530 $497.66 M -59.43%
GWR
GWR Group Ltd
$0.095 0.00 0.00% $0.096 $0.095 44,677 $30.52 M +63.79%
HAV
Havilah Resources Ltd
$0.150 +0.005 +3.45% $0.155 $0.150 20,200 $47.5 M -56.52%
HAW
Hawthorn Resources Ltd
$0.083 0.00 0.00% $0.000 $0.000 - $27.81 M -19.02%
HIO
Hawsons Iron Ltd
$0.035 -0.001 -2.78% $0.036 $0.034 1,545,038 $32.17 M -53.33%
HLX
HELIX Resources Ltd
$0.003 0.00 0.00% $0.003 $0.003 200,000 $6.97 M -57.14%
IRD
Iron Road Ltd
$0.063 +0.003 +5.00% $0.063 $0.060 63,545 $51.81 M -37.00%
JNO
Juno Minerals Ltd
$0.076 0.00 0.00% $0.000 $0.000 - $13.83 M -14.30%
LCY
Legacy Iron Ore Ltd
$0.015 0.00 0.00% $0.015 $0.015 53,000 $96.1 M -6.25%
MGT
Magnetite Mines Ltd
$0.260 -0.01 -3.70% $0.265 $0.260 63,201 $25.59 M -55.71%
MGU
Magnum Mining and Exploration Ltd
$0.020 -0.001 -4.76% $0.020 $0.020 64,502 $16.19 M -4.76%
MGX
Mount Gibson Iron Ltd
$0.485 -0.01 -2.02% $0.500 $0.480 742,640 $589.22 M -13.39%
MIN
Mineral Resources Ltd
$64.04 +1.72 +2.76% $64.90 $62.23 1,258,266 $12.5 B -24.58%
MIO
Macarthur Minerals Ltd
$0.120 0.00 0.00% $0.000 $0.000 - $19.95 M -7.69%
PFE
Pantera Minerals Ltd
$0.049 0.00 0.00% $0.049 $0.049 630,640 $6.5 M -57.39%
PLG
Pearl Gull Iron Ltd
$0.037 +0.004 +12.12% $0.037 $0.034 50,087 $7.57 M -17.78%
RHI
Red Hill Minerals Ltd
$5.23 +0.16 +3.16% $5.23 $5.06 13,169 $334.21 M +6.95%
RIO
RIO Tinto Ltd
$122.58 -1.82 -1.46% $124.77 $122.11 1,816,904 $45.5 B +3.08%
SRK
Strike Resources Ltd
$0.040 0.00 0.00% $0.000 $0.000 - $11.35 M -49.37%
TI1
Tombador Iron Ltd
$0.014 0.00 0.00% $0.000 $0.000 - $30.22 M -46.15%
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
$0.016 +0.002 +14.29% $0.016 $0.014 7,269,187 $35.47 M -30.44%

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.