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Iron Ore

Commodity · USD/t
99.98

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 -2.02 -1.98%
1 Month -7.09 -6.62%
3 Month -3.92 -3.77%
6 Month +7.44 +8.04%
1 Year -9.86 -8.98%

At Market Close · 25/04

ASX Iron Ore Companies

Closed - 04/2025
-
Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
ACP
Audalia Resources Ltd
$0.02 0.00 0.00% $0.00 $0.00 - $15.84M 0.00%
ACS
Accent Resources NL
$0.008 0.00 0.00% $0.00 $0.00 - $3.79M +14.29%
AHN
Athena Resources Ltd
$0.004 0.00 0.00% $0.00 $0.00 - $8.01M +42.86%
AKO
Akora Resources Ltd
$0.12 0.00 0.00% $0.00 $0.00 - $16.39M -22.58%
AMN
Agrimin Ltd
$0.056 +0.002 +3.70% $0.056 $0.055 335,056 $19.22M -72.68%
ASN
Anson Resources Ltd
$0.056 +0.001 +1.82% $0.056 $0.054 310,819 $77.66M -46.67%
BCI
BCI Minerals Ltd
$0.265 +0.005 +1.92% $0.275 $0.263 163,287 $765.19M +15.22%
BHP
BHP Group Ltd
$38.06 +0.34 +0.90% $38.29 $37.93 7,571,001 $193.19B -15.85%
BIS
Bisalloy Steel Group Ltd
$3.38 -0.02 -0.59% $3.42 $3.35 51,649 $161.91M -0.59%
BSL
Bluescope Steel Ltd
$22.27 -0.05 -0.22% $22.54 $22.19 1,301,930 $9.77B -2.15%
BUR
Burley Minerals Ltd
$0.05 -0.004 -7.41% $0.05 $0.05 498,871 $7.52M -18.03%
CAZ
Cazaly Resources Ltd
$0.014 0.00 0.00% $0.014 $0.014 106 $6.46M -17.65%
CIA
Champion Iron Ltd
$4.34 +0.08 +1.88% $4.43 $4.25 1,804,709 $2.25B -35.80%
CLE
Cyclone Metals Ltd
$0.041 -0.001 -2.38% $0.043 $0.041 257,337 $44.3M +137.21%
CR3
Core Energy Minerals Ltd
$0.012 -0.001 -7.69% $0.014 $0.012 136,318 $4.67M -70.00%
CTM
Centaurus Metals Ltd
$0.395 -0.005 -1.25% $0.40 $0.385 306,700 $196.2M +1.28%
CTN
Catalina Resources Ltd
$0.002 0.00 0.00% $0.002 $0.002 224,937 $3.33M -28.89%
CUF
Cufe Ltd
$0.006 0.00 0.00% $0.006 $0.006 1,169,285 $8.08M -53.85%
CUL
Cullen Resources Ltd
$0.004 0.00 0.00% $0.004 $0.004 100,000 $2.77M -39.05%
CZR
CZR Resources Ltd
$0.27 +0.005 +1.89% $0.27 $0.27 32,711 $63.92M +3.85%
DME
Dome Gold Mines Ltd
$0.18 0.00 0.00% $0.00 $0.00 - $71.36M 0.00%
EFE
Eastern Resources Ltd
$0.027 +0.001 +3.85% $0.027 $0.027 14,734 $3.4M -66.25%
ENT
Enterprise Metals Ltd
$0.002 -0.001 -33.33% $0.002 $0.002 456,062 $2.36M -33.33%
EQN
Equinox Resources Ltd
$0.10 +0.011 +12.36% $0.10 $0.09 130,670 $12.39M -53.49%
EQX
Equatorial Resources Ltd
$0.091 0.00 0.00% $0.00 $0.00 - $11.96M -39.33%
FEX
FENIX Resources Ltd
$0.29 +0.005 +1.75% $0.29 $0.285 738,120 $214.93M +3.57%
FMG
Fortescue Ltd
$15.52 +0.16 +1.04% $15.68 $15.46 4,509,663 $47.79B -37.32%
GEN
Genmin Ltd
$0.033 -0.003 -8.33% $0.036 $0.033 809,605 $29.28M -63.74%
GES
Genesis Resources Ltd
$0.007 +0.001 +16.67% $0.007 $0.007 100,000 $5.48M +16.67%
GRR
Grange Resources Ltd
$0.19 0.00 0.00% $0.20 $0.19 853,923 $219.89M -56.82%
GWR
GWR Group Ltd
$0.091 +0.004 +4.60% $0.091 $0.089 16,306 $29.45M -20.87%
HAW
Hawthorn Resources Ltd
$0.048 0.00 0.00% $0.00 $0.00 - $16.08M -30.44%
HIO
Hawsons Iron Ltd
$0.012 -0.001 -7.69% $0.013 $0.012 586,925 $12.2M -66.67%
HLX
HELIX Resources Ltd
$0.002 0.00 0.00% $0.002 $0.002 378,956 $6.73M -50.00%
IRD
Iron Road Ltd
$0.042 0.00 0.00% $0.045 $0.042 1,351,946 $34.87M -48.15%
JLL
Jindalee Lithium Ltd
$0.26 -0.005 -1.89% $0.295 $0.26 126,078 $19.13M -56.34%
JMS
Jupiter Mines Ltd
$0.145 0.00 0.00% $0.15 $0.145 3,211,361 $284.35M -50.85%
JNO
Juno Minerals Ltd
$0.023 0.00 0.00% $0.023 $0.023 58,488 $4.81M -62.90%
KOV
Korvest Ltd
$9.52 +0.02 +0.21% $9.55 $9.50 3,319 $111.95M +6.97%
LCY
Legacy Iron Ore Ltd
$0.009 +0.001 +12.50% $0.009 $0.009 28,334 $87.86M -43.75%
LML
Lincoln Minerals Ltd
$0.004 0.00 0.00% $0.00 $0.00 - $8.41M -55.56%
M4M
Macro Metals Ltd
$0.011 0.00 0.00% $0.011 $0.011 427,568 $43.75M -38.89%
MDX
Mindax Ltd
$0.077 -0.002 -2.53% $0.079 $0.077 50,456 $176.62M +113.89%
MGT
Magnetite Mines Ltd
$0.115 +0.005 +4.55% $0.115 $0.11 35,449 $13.91M -56.50%
MGX
Mount Gibson Iron Ltd
$0.31 0.00 0.00% $0.315 $0.31 227,659 $367.05M -31.11%
MIN
Mineral Resources Ltd
$18.23 +1.02 +5.93% $18.45 $17.50 2,542,934 $3.58B -73.51%
MM1
Midas Minerals Ltd
$0.145 +0.005 +3.57% $0.145 $0.145 20,039 $18M +81.25%
NXM
Nexus Minerals Ltd
$0.08 +0.001 +1.27% $0.08 $0.072 244,478 $39.04M +23.08%
PFE
Pantera Lithium Ltd
$0.014 -0.001 -6.67% $0.015 $0.014 478,150 $6.63M -59.14%
PLG
Pearl Gull Iron Ltd
$0.009 +0.001 +12.50% $0.009 $0.009 41,666 $1.84M -64.00%
PTN
Patronus Resources Ltd
$0.068 +0.006 +9.68% $0.069 $0.059 1,737,819 $111.34M -1.45%
RHI
Red Hill Minerals Ltd
$3.32 +0.07 +2.15% $3.39 $3.32 7,262 $212.9M -48.92%
RHK
Red Hawk Mining Ltd
$1.20 0.00 0.00% $0.00 $0.00 - $253.99M +88.73%
RLC
Reedy Lagoon Corporation Ltd
$0.002 0.00 0.00% $0.00 $0.00 - $1.55M -50.00%
SHN
Sunshine Metals Ltd
$0.009 +0.001 +6.25% $0.009 $0.008 1,424,002 $16.87M -52.78%
SRK
Strike Resources Ltd
$0.039 +0.007 +21.88% $0.039 $0.032 674,551 $11.07M -9.30%
SRN
Surefire Resources NL
$0.004 +0.001 +33.33% $0.004 $0.003 1,093,167 $9.67M -55.56%
TI1
Tombador Iron Ltd
$0.00 0.00 0.00% $0.00 $0.00 - $0 0.00%
TVN
Tivan Ltd
$0.11 0.00 0.00% $0.115 $0.105 2,262,966 $220.85M +115.69%
VMC
Venus Metals Corporation Ltd
$0.105 -0.005 -4.55% $0.105 $0.105 16,572 $20.59M +12.90%

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.