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The prices of iron ore rose sharply from around $10 per tonne in 2003 to around $170 in April 2009 (transported to China). After that (written September 2013) the price was between $100 and $150; [ 100 ] in September 2014 it started dropping precipitously, and was below $70 per ton in December 2014.
According to the 2019 International Energy Agency (IEA) report, the iron and steel industry directly contributed 2.6 Gt to global CO 2 emissions and accounted for 7% of global energy demand. [1] Singapore is the world's main trading hub for iron, [ 2 ] with about 90% of the world's iron ore derivatives traded on their stock exchange.
This 170 million tonnes of iron ore generated revenue of $20.2 billion, or 31% of total revenue, indicating that the company sold its iron ore production for an average price of $118.90 per tonne.
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Rank Country Usable iron ore production (× 1000 tonnes) Year World 2,500,000: 2022 1: Australia: 880,000: 2023 2: China: 659,000: 2023 3: Brazil: 422,000: 2023 4 ...
The following is a list of countries by iron ore exports. Data is for 2012, 2016 & 2023, in millions of United States dollars, as reported by The Observatory of Economic Complexity and the International Trade Centre. Currently the top twenty countries (as of 2023) are listed. * indicates "Natural resources of COUNTRY or TERRITORY" links.
Bad weather and crop failure sent the price of the bean soaring to record highs in 2024. Oil ended the year with a loss, while coal also slipped. Forget oil and metals.