The price of 62 per cent Australian iron ore fines has dropped below $US90 per tonne for the first time since May 2020, marking a new low for the iron ore industry. Read More
Iron ore prices have climbed to more than $US165 ($215) in the new year but analysts are anticipating that the highs will not extend throughout 2021. Read More
In June this year National Group managing director Mark Ackroyd spoke about the impact the pandemic will have on the industry and how mining will help lead the charge and stimulate the economy as we come out the other end of the coronavirus pandemic. Read More
Mineral Resources (MinRes) managing director Chris Ellison has become Australia’s newest billionaire, thanks to a surge in iron ore prices, as reported by the Australian Financial Review. Read More
The Australian resources and energy export earnings are set to fall from record highs, but the outlook is “still relatively strong”, according to the Department of Industry, Science, Energy and Resources. Read More
Iron ore prices have moved beyond $US100 ($147) per tonne this week following supply concerns and uncertainty in the iron ore market due to worsening COVID-19 situation in Brazil. Read More
Brazil's worsening COVID-19 crisis and the reduced shipment of iron ore from the South American country have led to a surge in global iron ore prices on the back of resilient demand from China. Read More
Deloitte has tipped big miners to be “in much better financial shape compared to the global financial crisis (GFC) in 2008 and the last commodity market downturn in 2015” after the coronavirus pandemic subsides. Read More
Deloitte has identified the rise and fall of iron ore, the impact of the United States-China trade disputes and gold's record run as the three key trends affecting the commodity market. Read More