Although South African iron-ore miner Kumba Iron Ore has continued to deliver improved operational stability at both its Sishen and Kolomela mines, the logistical constraints facing the...

As a result, it is forecasting an average benchmark iron ore price of US$95 a tonne in 2025. After which, it expects further softening to an average of US$93 a tonne in 2026 .

Combining the gross average realized selling price 1 with the negative provisional pricing adjustment of US$5.8 /dmt, the Company sold its high-grade iron ore at a price of US$126.9 /dmt during the six-month period ended September 30, 2022, compared to the P65 high-grade index average of US$137.3 /dmt.

Graph and download economic data for Global price of Iron Ore (PIORECRUSDM) from Jan 1990 to Aug 2024 about ore, iron, World, and price.

Iron ore prices strengthened during Q3 2023 despite a 7% increase in global iron ore supply and thin steel mill margins. Steel production in China increased by 3% YTD, driven by a strong increase in exports.

Iron ore is a major raw material required in the manufacturing of steel. Iron-bearing pellets are shipped to Cleveland-Cliffs' Indiana Harbor facility in East Chicago, Indiana. In 2019, Minorca supplied about 50% of Indiana Harbor's No. …

On average, the cost of producing iron ore in Australia is USD30/tonne, compared with USD40-50/tonne in West Africa and USD90/tonne in China. Production growth will stagnate over the longer...

Iron Ore Price Chart (USD / Metric Ton) for the Last Year. Use this form to dynamically generate charts that show metal prices in the units of your choice and for the specified date range (if available). Simply select a metal and a unit to display the price. Lastly choose the number of days to show in your chart.

If the average benchmark iron ore price 2 remains above US$100/t or below US$80/t for four years, a purchase price adjustment payment will be made to Anglo American or Vale, respectively, in line with an agreed formula.

Iron Ore is expected to trade at 97.04 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 92.24 in 12 months time.