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Iron Ore

Commodity · USD/t
101.94

Iron Ore isn't traded like most commodities. Please read the FAQs below.

Market Index tracks the industry standard NYMEX traded 62% Fe, CFR China in $US/metric tonne.

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.

Excel IconDownload the 40yr price history.

Performance USD/t Amount Change
1 Week +0.89 +0.88%
1 Month -8.60 -7.78%
YTD -5.19 -4.84%
1 Year +6.71 +7.05%

ASX Iron Ore Companies

Closed - 06/2026
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Company Price Chg % Chg High Low Volume Mkt Cap 1 Year
ACP
Audalia Resources Ltd
$0.025 0.00 0.00% $0.00 $0.00 - $20.75M +11.36%
ACS
Accent Resources NL
$0.039 0.00 0.00% $0.00 $0.00 - $19.09M +333.33%
AHN
Athena Resources Ltd
$0.004 0.00 0.00% $0.004 $0.004 1,499,955 $11.33M -20.00%
AKO
Akora Resources Ltd
$0.077 +0.002 +2.67% $0.077 $0.077 55,500 $14.92M -22.06%
AMN
Agrimin Ltd
$0.056 0.00 0.00% $0.00 $0.00 - $21.84M -25.33%
ASN
Anson Resources Ltd
$0.049 -0.002 -3.92% $0.051 $0.048 1,730,215 $79.36M +4.26%
BCI
BCI Minerals Ltd
$0.35 +0.01 +2.94% $0.35 $0.345 229,705 $1.03B +9.38%
BHP
BHP Group Ltd
$65.25 +0.07 +0.11% $65.48 $64.96 1,525,523 $331.56B +74.28%
BIS
Bisalloy Steel Group Ltd
$4.73 +0.01 +0.21% $4.78 $4.70 12,018 $227.23M +50.16%
BSL
Bluescope Steel Ltd
$33.76 -0.205 -0.60% $33.97 $33.00 106,063 $14.79B +49.43%
BUR
Burley Minerals Ltd
$0.022 0.00 0.00% $0.00 $0.00 - $4.94M -47.62%
CAZ
Cazaly Resources Ltd
$0.023 +0.003 +15.00% $0.023 $0.023 130,000 $13.55M +15.00%
CIA
Champion Iron Ltd
$4.15 -0.10 -2.35% $4.19 $4.12 457,571 $2.32B -5.25%
CLE
Cyclone Metals Ltd
$0.049 0.00 0.00% $0.00 $0.00 - $54.19M -7.55%
CR3
Core Energy Minerals Ltd
$0.007 0.00 0.00% $0.008 $0.007 561,362 $4.99M -46.15%
CTM
Centaurus Metals Ltd
$0.56 -0.015 -2.61% $0.585 $0.558 258,634 $317.3M +53.43%
CTN
Catalina Resources Ltd
$0.048 0.00 0.00% $0.048 $0.048 98,925 $8.8M -47.83%
CUF
Cufe Ltd
$0.061 -0.002 -3.18% $0.063 $0.061 525,247 $125.36M +916.67%
CUL
Cullen Resources Ltd
$0.006 +0.001 +20.00% $0.006 $0.006 41,630 $4.16M +50.00%
CZR
CZR Resources Ltd
$0.215 0.00 0.00% $0.00 $0.00 - $51.48M -4.44%
DME
Dome Gold Mines Ltd
$0.032 +0.002 +6.67% $0.032 $0.03 16,032 $13.44M -83.16%
EFE
Eastern Resources Ltd
$0.031 0.00 0.00% $0.00 $0.00 - $4.02M +3.33%
ENT
Enterprise Metals Ltd
$0.003 0.00 0.00% $0.00 $0.00 - $5M +50.00%
EQN
Equinox Resources Ltd
$0.08 0.00 0.00% $0.00 $0.00 - $12.45M -46.67%
EQX
Equatorial Resources Ltd
$0.16 0.00 0.00% $0.16 $0.16 5,000 $21.03M +23.08%
FEX
FENIX Resources Ltd
$0.275 -0.01 -3.51% $0.29 $0.275 1,460,977 $210.36M -3.51%
FMG
Fortescue Ltd
$20.69 -0.135 -0.65% $20.90 $20.62 896,794 $63.69B +31.58%
GEN
Genmin Ltd
$0.008 0.00 0.00% $0.00 $0.00 - $27.68M -69.23%
GES
Genesis Resources Ltd
$0.006 0.00 0.00% $0.00 $0.00 - $4.7M +20.00%
GRR
Grange Resources Ltd
$0.16 -0.005 -3.03% $0.16 $0.155 293,040 $185.17M -13.51%
GWR
GWR Group Ltd
$0.10 0.00 0.00% $0.00 $0.00 - $32.55M +9.89%
HAW
Hawthorn Resources Ltd
$0.08 0.00 0.00% $0.00 $0.00 - $26.8M +45.46%
HIO
Hawsons Iron Ltd
$0.014 +0.001 +7.69% $0.014 $0.014 630,119 $17.73M -26.32%
HLX
HELIX Resources Ltd
$0.039 0.00 0.00% $0.039 $0.039 43,646 $7.45M -33.14%
IRD
Iron Road Ltd
$0.014 -0.001 -6.67% $0.014 $0.014 10,000 $11.76M -68.18%
JLL
Jindalee Lithium Ltd
$0.393 -0.033 -7.65% $0.42 $0.38 107,538 $47.42M +2.31%
JMS
Jupiter Mines Ltd
$0.275 -0.005 -1.79% $0.275 $0.275 4,917 $540.61M +41.03%
JNO
Juno Minerals Ltd
$0.029 0.00 0.00% $0.00 $0.00 - $6.07M -12.12%
KOV
Korvest Ltd
$18.69 +0.21 +1.14% $18.69 $18.24 2,442 $221.26M +76.16%
LCY
Legacy Iron Ore Ltd
$0.006 0.00 0.00% $0.00 $0.00 - $58.57M -40.00%
LML
Lincoln Minerals Ltd
$0.012 0.00 0.00% $0.012 $0.011 182,951 $32.31M +179.79%
M4M
Macro Metals Ltd
$0.008 0.00 0.00% $0.00 $0.00 - $34.32M -25.00%
MDX
Mindax Ltd
$0.02 0.00 0.00% $0.00 $0.00 - $47.26M -65.52%
MGT
Magnetite Mines Ltd
$0.026 +0.001 +4.00% $0.026 $0.025 79,508 $5.9M -71.91%
MGX
MGX Resources Ltd
$0.345 -0.005 -1.43% $0.355 $0.34 37,119 $407.25M +30.19%
MIN
Mineral Resources Ltd
$71.39 -0.04 -0.06% $71.95 $70.12 119,919 $14.11B +204.44%
MM1
Midas Minerals Ltd
$0.98 -0.01 -1.01% $0.995 $0.96 185,742 $236.48M +284.31%
NXM
Nexus Minerals Ltd
$0.057 -0.003 -5.00% $0.06 $0.056 467,054 $34.41M -30.49%
PFE
Pantera Minerals Ltd
$0.017 0.00 0.00% $0.017 $0.017 132 $8.38M +25.93%
PLG
Pearl Gull Iron Ltd
$0.031 0.00 0.00% $0.00 $0.00 - $6.34M +287.50%
PTN
Patronus Resources Ltd
$0.052 -0.001 -1.89% $0.054 $0.052 82,495 $76.92M -24.64%
RHI
Red Hill Minerals Ltd
$4.64 -0.02 -0.43% $4.66 $4.64 666 $298.02M +42.33%
RHK
Red Hawk Mining Ltd
$1.20 0.00 0.00% $0.00 $0.00 - $253.99M +88.73%
RLC
Reedy Lagoon Corporation Ltd
$0.002 0.00 0.00% $0.00 $0.00 - $1.55M +33.33%
SHN
Sunshine Metals Ltd
$0.03 -0.001 -3.23% $0.031 $0.03 792,140 $105.53M +172.73%
SRK
Strike Resources Ltd
$0.03 0.00 0.00% $0.03 $0.027 212,500 $8.51M -6.25%
SRN
Surefire Resources NL
$0.022 -0.001 -4.35% $0.024 $0.022 28,976 $3.99M -56.00%
TI1
Tombador Iron Ltd
$0.00 0.00 0.00% $0.00 $0.00 - $0 0.00%
TVN
Tivan Ltd
$0.265 -0.01 -3.64% $0.275 $0.265 243,700 $601.58M +181.92%
VMC
Venus Metals Corporation Ltd
$0.28 0.00 0.00% $0.285 $0.28 1,929 $55.33M +143.48%

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.

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FAQs

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).

Resources

Excel Icon

Commodities Workbook

(Spreadsheet)

Download a spreadsheet of 62% FE spot (CFR Tianjin port) since 1980.

Map Icon

Australian Iron Ore Resources

(High-Definition Map)

A large 2MB image of Australia's iron ore deposits.

Map Icon

Australian Mineral Resources

(High-Definition Maps)

A list of Australia's major minerals with statistics and maps outlining all known deposits and operating mines.