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Iron Ore

Commodity · USD/t
92.1

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 -5.04 -5.19%
1 Month -5.62 -5.75%
YTD -15.03 -14.03%
1 Year -12.00 -11.53%

ASX Iron Ore Companies

Closed - 10/2026
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Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
ACP
Audalia Resources Ltd
$0.023 +0.001 +4.55% $0.023 $0.023 4,000 $20.17M 0.00%
ACS
Accent Resources NL
$0.24 -0.015 -5.88% $0.25 $0.24 9,900 $117.49M +3900.00%
AHN
Athena Resources Ltd
$0.059 0.00 0.00% $0.00 $0.00 - $9.27M -57.86%
AKO
Akora Resources Ltd
$0.079 0.00 0.00% $0.00 $0.00 - $17.17M -3.54%
AMN
Agrimin Ltd
$0.049 0.00 0.00% $0.00 $0.00 - $19.11M -44.94%
ASN
Anson Resources Ltd
$0.041 -0.001 -2.38% $0.042 $0.041 1,595,644 $66.57M -59.00%
BHP
BHP Group Ltd
$61.21 +0.95 +1.58% $61.21 $60.43 7,394,485 $311.2B +45.95%
BIS
Bisalloy Steel Group Ltd
$3.67 -0.02 -0.54% $3.74 $3.67 21,463 $177.3M -30.89%
BSL
Bluescope Steel Ltd
$30.61 +0.57 +1.90% $30.69 $29.81 734,286 $13.41B +34.02%
BUR
Burley Minerals Ltd
$0.037 0.00 0.00% $0.038 $0.032 537,802 $8.45M +2.78%
CAZ
Cazaly Resources Ltd
$0.02 +0.001 +5.26% $0.02 $0.02 347,660 $11.78M -31.03%
CIA
Champion Iron Ltd
$3.06 +0.05 +1.66% $3.07 $3.02 1,500,988 $1.71B -36.52%
CLE
Cyclone Metals Ltd
$0.049 0.00 0.00% $0.00 $0.00 - $54.19M -7.55%
CR3
Core Energy Minerals Ltd
$0.006 0.00 0.00% $0.006 $0.006 60,922 $5.4M -50.00%
CTM
Centaurus Metals Ltd
$0.46 +0.01 +2.22% $0.46 $0.44 607,966 $264.24M 0.00%
CTN
Catalina Resources Ltd
$0.055 -0.001 -1.79% $0.056 $0.055 160,889 $13.54M -52.17%
CUF
Cufe Ltd
$0.051 -0.001 -1.92% $0.053 $0.051 79,249 $105.75M +308.00%
CUL
Cullen Resources Ltd
$0.006 0.00 0.00% $0.00 $0.00 - $4.16M -14.29%
CZR
CZR Resources Ltd
$0.195 -0.005 -2.50% $0.198 $0.195 17,805 $47.28M -26.42%
DME
Dome Gold Mines Ltd
$0.05 0.00 0.00% $0.00 $0.00 - $20.99M -71.43%
EFE
Eastern Resources Ltd
$0.028 0.00 0.00% $0.00 $0.00 - $3.63M -39.13%
ENT
Enterprise Metals Ltd
$0.003 0.00 0.00% $0.003 $0.003 1,847,227 $5.75M -62.50%
EQN
Equinox Resources Ltd
$0.08 0.00 0.00% $0.00 $0.00 - $12.45M -46.67%
EQX
Equatorial Resources Ltd
$0.125 -0.025 -16.67% $0.14 $0.125 23,928 $16.43M -37.50%
FEX
FENIX Resources Ltd
$0.24 0.00 0.00% $0.245 $0.24 275,521 $184.96M -47.25%
FMG
Fortescue Ltd
$16.19 -0.06 -0.37% $16.35 $16.17 8,377,390 $49.85B -15.63%
GEN
Genmin Ltd
$0.007 0.00 0.00% $0.00 $0.00 - $24.22M -75.00%
GES
Genesis Resources Ltd
$0.011 0.00 0.00% $0.011 $0.011 151,270 $8.61M -8.33%
GRR
Grange Resources Ltd
$0.115 0.00 0.00% $0.12 $0.115 808,121 $133.09M -51.06%
GWR
GWR Group Ltd
$0.11 0.00 0.00% $0.115 $0.105 321,124 $35.8M +4.76%
HAW
Hawthorn Resources Ltd
$0.07 0.00 0.00% $0.00 $0.00 - $23.45M +11.11%
HIO
Hawsons Iron Ltd
$0.011 +0.001 +5.00% $0.011 $0.011 20,000 $14.47M -58.00%
HLX
HELIX Resources Ltd
$0.044 +0.004 +10.00% $0.044 $0.042 340,086 $8.47M +25.71%
IRD
Iron Road Ltd
$0.008 -0.001 -11.11% $0.009 $0.008 4,083,783 $6.72M -74.19%
JLL
Jindalee Lithium Ltd
$0.40 +0.005 +1.27% $0.41 $0.40 38,328 $50.5M -29.58%
JMS
Jupiter Mines Ltd
$0.255 0.00 0.00% $0.26 $0.25 3,229,776 $501.29M 0.00%
JNO
Juno Minerals Ltd
$0.026 0.00 0.00% $0.00 $0.00 - $5.44M +4.00%
KOV
Korvest Ltd
$16.09 +0.09 +0.56% $16.11 $15.93 6,415 $191.83M +24.83%
LCY
Legacy Iron Ore Ltd
$0.005 0.00 0.00% $0.00 $0.00 - $48.81M -44.44%
LML
Lincoln Minerals Ltd
$0.014 +0.001 +7.69% $0.014 $0.013 2,468,065 $40.65M +133.33%
M4M
Macro Metals Ltd
$0.006 0.00 0.00% $0.006 $0.006 124,166 $25.17M -38.89%
MDX
Mindax Ltd
$0.035 0.00 0.00% $0.00 $0.00 - $83.09M -34.58%
MGT
Magnetite Mines Ltd
$0.014 -0.001 -6.67% $0.016 $0.014 437,807 $3.21M -77.60%
MGX
MGX Resources Ltd
$0.32 -0.005 -1.54% $0.33 $0.32 287,141 $377.74M -17.95%
MIN
Mineral Resources Ltd
$50.98 +1.08 +2.16% $51.34 $49.78 935,143 $10.13B +23.62%
MM1
Midas Minerals Ltd
$1.13 -0.02 -1.74% $1.16 $1.10 497,048 $278.35M +151.11%
NXM
Nexus Minerals Ltd
$0.05 +0.001 +2.04% $0.051 $0.05 889,348 $35.28M -33.33%
PFE
Pantera Minerals Ltd
$0.015 0.00 0.00% $0.015 $0.015 1,003,300 $7.39M -34.78%
PLG
Pearl Gull Iron Ltd
$0.031 0.00 0.00% $0.00 $0.00 - $6.34M +63.16%
PTN
Patronus Resources Ltd
$0.047 -0.001 -2.08% $0.049 $0.047 67,451 $69.53M -44.71%
RHI
Red Hill Minerals Ltd
$4.05 -0.03 -0.74% $4.10 $4.05 7,549 $260.13M +19.47%
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 -33.33%
SHN
Sunshine Metals Ltd
$0.034 0.00 0.00% $0.034 $0.033 2,762,957 $122.34M +47.83%
SRK
Strike Resources Ltd
$0.021 0.00 0.00% $0.00 $0.00 - $5.96M -56.25%
SRN
Surefire Resources NL
$0.02 0.00 0.00% $0.00 $0.00 - $3.62M -20.00%
TI1
Tombador Iron Ltd
$0.00 0.00 0.00% $0.00 $0.00 - $0 0.00%
TVN
Tivan Ltd
$0.195 +0.015 +8.33% $0.20 $0.18 1,846,465 $457.76M +85.71%
VMC
Venus Metals Corporation Ltd
$0.12 0.00 0.00% $0.125 $0.12 296,238 $24.86M +2.41%

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.