Commodities
Download the 40yr price history.Iron ore price slump silver lining: Looming supply cuts to rebalance market
Fri 22 Mar 24, 4:13pm (AEST)
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.
| Performance USD/t | Amount | Change |
|---|---|---|
| 1 Week | +2.20 | +2.07% |
| 1 Month | -2.04 | -1.85% |
| 3 Month | -27.17 | -20.06% |
| 6 Month | -10.76 | -9.04% |
| 1 Year | -12.01 | -9.99% |
At Market Close · 19/04
ASX Iron Ore Companies
Closed - 04/2024
-
| Code | Company | Price | Chg | % Chg | High | Low | Volume | Mkt Cap | 1 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| AKO |
Akora Resources Ltd
|
$0.155 | -0.015 | -8.82% | $0.170 | $0.155 | 132,995 | $14.72 M | -3.13% | |
| BCI |
BCI Minerals Ltd
|
$0.230 | +0.005 | +2.22% | $0.230 | $0.223 | 746,599 | $663.42 M | +4.33% | |
| BCK |
Brockman Mining Ltd
|
$0.025 | -0.001 | -3.85% | $0.025 | $0.023 | 128,367 | $232.01 M | -13.79% | |
| BHP |
BHP Group Ltd
|
$44.63 | -0.46 | -1.02% | $44.92 | $44.21 | 9,973,888 | $226.34 B | -3.11% | |
| CIA |
Champion Iron Ltd
|
$6.65 | -0.09 | -1.34% | $6.77 | $6.55 | 1,615,855 | $3.45 B | -6.21% | |
| CLE |
Cyclone Metals Ltd
|
$0.001 | 0.00 | 0.00% | $0.000 | $0.000 | - | $10.47 M | -50.00% | |
| CTM |
Centaurus Metals Ltd
|
$0.415 | +0.05 | +13.70% | $0.415 | $0.370 | 1,543,219 | $205.42 M | -50.30% | |
| CUF |
Cufe Ltd
|
$0.014 | +0.001 | +7.69% | $0.015 | $0.014 | 5,255,592 | $16.05 M | -12.50% | |
| DRR |
Deterra Royalties Ltd
|
$4.82 | -0.05 | -1.03% | $4.85 | $4.80 | 996,859 | $2.55 B | +1.05% | |
| EFE |
Eastern Resources Ltd
|
$0.009 | +0.001 | +12.50% | $0.009 | $0.008 | 1,042,989 | $11.18 M | -30.77% | |
| EQN |
Equinox Resources Ltd
|
$0.210 | -0.01 | -4.55% | $0.230 | $0.195 | 179,924 | $21.25 M | +44.83% | |
| FEX |
FENIX Resources Ltd
|
$0.280 | -0.005 | -1.75% | $0.285 | $0.275 | 2,558,289 | $194.49 M | +16.67% | |
| FHS |
Freehill Mining Ltd
|
$0.009 | 0.00 | 0.00% | $0.009 | $0.008 | 259,222 | $26.96 M | +125.00% | |
| FMG |
Fortescue Ltd
|
$24.60 | -0.50 | -1.99% | $25.03 | $24.04 | 8,626,706 | $75.74 B | +9.72% | |
| FMS |
Flinders Mines Ltd
|
$0.490 | 0.00 | 0.00% | $0.000 | $0.000 | - | $82.74 M | -2.00% | |
| GEN |
Genmin Ltd
|
$0.088 | -0.004 | -4.35% | $0.092 | $0.088 | 475,949 | $60.3 M | -51.11% | |
| GRR |
Grange Resources Ltd
|
$0.425 | -0.005 | -1.16% | $0.440 | $0.418 | 1,382,912 | $491.87 M | -33.59% | |
| GWR |
GWR Group Ltd
|
$0.099 | -0.001 | -1.00% | $0.100 | $0.099 | 174,320 | $31.8 M | +22.22% | |
| HAV |
Havilah Resources Ltd
|
$0.195 | -0.01 | -4.88% | $0.210 | $0.190 | 264,567 | $61.74 M | -27.78% | |
| HAW |
Hawthorn Resources Ltd
|
$0.071 | 0.00 | 0.00% | $0.072 | $0.071 | 230,315 | $23.79 M | -16.47% | |
| HIO |
Hawsons Iron Ltd
|
$0.038 | -0.004 | -9.52% | $0.044 | $0.038 | 3,402,718 | $34.92 M | -29.63% | |
| HLX |
HELIX Resources Ltd
|
$0.005 | 0.00 | 0.00% | $0.006 | $0.005 | 2,725,834 | $11.62 M | -28.57% | |
| IRD |
Iron Road Ltd
|
$0.080 | -0.001 | -1.24% | $0.081 | $0.080 | 95,566 | $65.93 M | -23.81% | |
| JNO |
Juno Minerals Ltd
|
$0.065 | -0.001 | -1.52% | $0.065 | $0.060 | 23,834 | $11.83 M | -26.70% | |
| LCY |
Legacy Iron Ore Ltd
|
$0.016 | 0.00 | 0.00% | $0.016 | $0.016 | 64 | $123.42 M | 0.00% | |
| MGT |
Magnetite Mines Ltd
|
$0.270 | 0.00 | 0.00% | $0.285 | $0.270 | 69,258 | $26.58 M | -51.56% | |
| MGU |
Magnum Mining and Exploration Ltd
|
$0.014 | -0.001 | -6.67% | $0.015 | $0.014 | 2,961,859 | $11.33 M | -26.32% | |
| MGX |
Mount Gibson Iron Ltd
|
$0.460 | -0.015 | -3.16% | $0.470 | $0.460 | 720,327 | $558.85 M | -10.68% | |
| MIN |
Mineral Resources Ltd
|
$68.24 | -2.46 | -3.48% | $69.87 | $67.60 | 1,389,653 | $13.32 B | -14.39% | |
| MIO |
Macarthur Minerals Ltd
|
$0.080 | 0.00 | 0.00% | $0.080 | $0.080 | 16,000 | $13.76 M | -46.61% | |
| PFE |
Pantera Minerals Ltd
|
$0.039 | -0.001 | -2.50% | $0.040 | $0.038 | 494,901 | $10.46 M | -53.57% | |
| PLG |
Pearl Gull Iron Ltd
|
$0.027 | 0.00 | 0.00% | $0.000 | $0.000 | - | $5.52 M | -10.00% | |
| RHI |
Red Hill Minerals Ltd
|
$6.48 | +0.07 | +1.09% | $6.81 | $6.35 | 7,168 | $414.09 M | +36.13% | |
| RIO |
RIO Tinto Ltd
|
$129.52 | -1.36 | -1.04% | $129.97 | $126.90 | 2,167,297 | $48.08 B | +7.64% | |
| SRK |
Strike Resources Ltd
|
$0.046 | 0.00 | 0.00% | $0.000 | $0.000 | - | $13.05 M | -20.69% | |
| 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
|
$0.022 | 0.00 | 0.00% | $0.023 | $0.022 | 6,591,121 | $49.87 M | 0.00% |
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.
Top Market Index News
Should BHP, Rio Tinto and Fortescue investors be worried about the iron ore selloff?
Tue 12 Mar 24, 10:47am (AEST)
5 charts for BHP, Rio Tinto and Fortescue investors to watch
Thu 07 Mar 24, 11:30am (AEST)
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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).
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(Spreadsheet)
Download a spreadsheet of 62% FE spot (CFR Tianjin port) since 1980.
(High-Definition Map)
A large 2MB image of Australia's iron ore deposits.
(High-Definition Maps)
A list of Australia's major minerals with statistics and maps outlining all known deposits and operating mines.
