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Iron ore price 2010–2022 China is the number one consumer of iron ore , importing 80% of all internationally traded iron ore. The price has been very volatile because of curbs the CCP has placed on the steel industry to meet emission standards.
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.
For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] (China became the world's largest consumer of iron ore in 2003, [3] and accounts for over half of global metal consumption.) [4]
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This is a list of countries by iron ore production based on U.S. Geological Survey data. [a] List. Rank Country Usable iron ore production (× 1000 tonnes) Year
Prices are likely to stay high into 2025, analysts at ING said. Cocoa closed out 2024 ahead of every major commodity, after a year of poor weather and weak harvests sparked a triple-digit gain for ...
Australia's exportation of black coal, iron ore, alumina, lead and zinc is identified as the largest global distributor. [6] Mineral commodities and their distribution does not only provide profit to distributors but also offers support socioeconomically. [ 13 ]