Iron ore prices have fluctuated over the past decade Prices dropped from a high of $187 USD per metric ton in February 2024 to a low of $41 in December 2024 The price peaked above $100 in 2024 and above $150 in 2024 In 2024 the iron ore commodity price passed $200 USD/tonne Iron ore production in 2024 was expected to decrease slightly from
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Get PriceThe market price for seaborne iron ore has risen consecutively over recent years from a low of US$47/t in 2024 16 to US$72/t in 2024‑19 This is partly due to market concerns of a supply shortfall from Vale S A s operations due to infrastructure failures in Brazil
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Get PriceIron ores are rocks and minerals from which metallic iron can be economically extracted The ores are usually rich in iron oxides and vary in color from dark grey bright yellow or deep purple to rusty red The iron is usually found in the form of magnetite Fe 3 O 4 72 4% Fe hematite Fe 2 O 3 69 9% Fe goethite FeO OH 62 9% Fe limonite FeO OH ·n H 2 O 55% Fe or siderite FeCO
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Get PriceThe market price for seaborne iron ore has risen consecutively over recent years from a low of US$47/t in 2024 16 to US$72/t in 2024‑19 This is partly due to market concerns of a supply shortfall from Vale S A s operations due to infrastructure failures in Brazil In Australia iron ore shipments were disrupted by unfavourable weather
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Get PriceThere are four main types of iron ore deposit massive hematite which is the most commonly mined magnetite titanomagnetite and pisolitic ironstone These ores vary in colour from dark grey bright yellow or deep purple to rusty red Iron is responsible for the red colour in many of our rocks and the deep red sands of the Australian deserts
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