Explore the dynamics of the iron ore market, focusing on Australia's role as a leading exporter. Understand how global demand, geopolitical tensions, and environmental policies influence iron ore prices, especially in AUD. Learn about factors affecting pricing trends, including China's demand, exchange rates, and future shifts towards greener technologies.

Iron Ore fell to 96.71 USD/T on July 11, 2025, down 0.05% from the previous day. Over the past month, Iron Ore's price has risen 1.31%, but it is still 11.74% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Iron Ore - values, historical data, forecasts and news - updated on July of 2025.

In 2024, iron ore was worth an average of approximately *** U.S. dollars per dry metric ton unit (dmtu), compared to only ** U.S. dollars per dmtu in 2000. The month with the highest average iron ore price in 2021 was June, at over *** U.S. dollars per dmtu. Iron ore: market context and price fluctuation Iron ore is composed of minerals and rocks from which metallic iron can be extracted. Iron ore is an important part of the world economy, as a large proportion of iron ore is used to make steel, which is a widely used material globally. In a given year, the monthly price of iron ore varies noticeably, ranging for example from a high of ****** U.S. dollars per dmtu in June 2021 down to a low of ***** U.S. dollars per dmtu in November 2021. Major iron ore producing nations Australia has the world's largest iron ore reserves, at ** billion metric tons of crude iron ore and is also the world's largest producer of iron ore. Not surprisingly, China, the world's leading steel manufacturer, is also the world's leading importer of iron. In recent years, China's iron imports have increased significantly, from ****** million metric tons in 2004, to over *** billion metric tons in 2018.

Australia GVA: 2018-19p: sa: Mining: Iron Ore data was reported at 16,413.000 AUD mn in Jun 2021. This records an increase from the previous number of 16,262.000 AUD mn for Mar 2021. Australia GVA: 2018-19p: sa: Mining: Iron Ore data is updated quarterly, averaging 3,610.500 AUD mn from Sep 1985 (Median) to Jun 2021, with 144 observations. The data reached an all-time high of 16,509.000 AUD mn in Sep 2020 and a record low of 1,258.000 AUD mn in Dec 1988. Australia GVA: 2018-19p: sa: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A210: SNA08: Gross Value Added: by Industry: Chain Linked: 2018-19 Price: Seasonally Adjusted.

Learn about the various factors influencing the current market price of iron ore, including global demand, production levels, and geopolitical events. Understand the role of major steel-producing countries like China, production levels of key exporters like Australia and Brazil, and the impact of geopolitical events on iron ore prices. Stay informed to make strategic investment decisions in the volatile iron ore market.

Exports of Iron Ore & Concentrates in Australia decreased to 10522 AUD Million in February from 12488 AUD Million in January of 2024. This dataset includes a chart with historical data for Australia Exports of Iron Ore & Concentrates.

Australia GVA: 2022-23p: sa: Mining: Iron Ore data was reported at 23,792.000 AUD mn in Dec 2024. This records a decrease from the previous number of 23,944.000 AUD mn for Sep 2024. Australia GVA: 2022-23p: sa: Mining: Iron Ore data is updated quarterly, averaging 6,515.000 AUD mn from Sep 1985 (Median) to Dec 2024, with 158 observations. The data reached an all-time high of 25,567.000 AUD mn in Dec 2022 and a record low of 1,930.000 AUD mn in Dec 1988. Australia GVA: 2022-23p: sa: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A206: SNA08: Gross Value Added: by Industry: Chain Linked: 2022-23 Price: Seasonally Adjusted.

Australia GVA: 2015-16p: sa: Mining: Iron Ore data was reported at 9,147.000 AUD mn in Jun 2018. This records an increase from the previous number of 9,093.000 AUD mn for Mar 2018. Australia GVA: 2015-16p: sa: Mining: Iron Ore data is updated quarterly, averaging 1,641.000 AUD mn from Sep 1985 (Median) to Jun 2018, with 132 observations. The data reached an all-time high of 9,147.000 AUD mn in Jun 2018 and a record low of 709.000 AUD mn in Dec 1988. Australia GVA: 2015-16p: sa: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A213: SNA08: Gross Value Added: by Industry: Chain Linked: 2015-16 Price: Seasonally Adjusted.

Australia GVA: 2022-23p: Trend: Mining: Iron Ore data was reported at 24,056.000 AUD mn in Mar 2019. This records an increase from the previous number of 24,019.000 AUD mn for Dec 2018. Australia GVA: 2022-23p: Trend: Mining: Iron Ore data is updated quarterly, averaging 4,854.000 AUD mn from Sep 1985 (Median) to Mar 2019, with 135 observations. The data reached an all-time high of 24,683.000 AUD mn in Mar 2018 and a record low of 1,973.000 AUD mn in Jun 1986. Australia GVA: 2022-23p: Trend: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A190: SNA08: Gross Value Added: by Industry: Chain Linked: 2022-23 Price: Trend.

In the financial year 2024, the value added by the mining industry in Australia amounted to approximately 312 billion Australian dollars. The country’s mining industry includes the exploration and mining of gold, silver, iron ore, and coal reserves, among many other resources. Mining production boom Australia has one of the largest coal reserves in the world, with coal mined in every state. Coal production has continued to increase over the past years. Similarly, the production volume of iron ore has remained high. The largest iron ore mines in the country are located in Western Australia. Furthermore, spending on gold exploration continues to be significant, although slightly declining in recent quarters. Demand for Australian metals and minerals The export value of Australian coal peaked in 2023, with Australia being one of the leading coal exporting countries globally. The export value of gold was expected to remain relatively stable over the next few years, with a slight decline forecasted. Demand for Australian gold has been dominated by Hong Kong and China, with prices remaining high.

Nickel fell to 15,235 USD/T on July 11, 2025, down 0.33% from the previous day. Over the past month, Nickel's price has risen 0.86%, but it is still 9.62% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Nickel - values, historical data, forecasts and news - updated on July of 2025.

Australia GVA: 2021-22p: Trend: Mining: Iron Ore data was reported at 27,872.000 AUD mn in Mar 2019. This records an increase from the previous number of 27,836.000 AUD mn for Dec 2018. Australia GVA: 2021-22p: Trend: Mining: Iron Ore data is updated quarterly, averaging 5,624.000 AUD mn from Sep 1985 (Median) to Mar 2019, with 135 observations. The data reached an all-time high of 28,602.000 AUD mn in Mar 2018 and a record low of 2,287.000 AUD mn in Jun 1986. Australia GVA: 2021-22p: Trend: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A191: SNA08: Gross Value Added: by Industry: Chain Linked: 2021-22 Price: Trend.

Coal rose to 112 USD/T on July 11, 2025, up 0.90% from the previous day. Over the past month, Coal's price has risen 7.07%, but it is still 16.32% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Coal - values, historical data, forecasts and news - updated on July of 2025.

Australia GVA: 2019-20p: Mining: Iron Ore data was reported at 21,097.000 AUD mn in Jun 2022. This records an increase from the previous number of 19,740.000 AUD mn for Mar 2022. Australia GVA: 2019-20p: Mining: Iron Ore data is updated quarterly, averaging 5,012.000 AUD mn from Sep 1985 (Median) to Jun 2022, with 148 observations. The data reached an all-time high of 22,176.000 AUD mn in Sep 2020 and a record low of 1,678.000 AUD mn in Dec 1988. Australia GVA: 2019-20p: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A177: SNA08: Gross Value Added: by Industry: Chain Linked: 2019-20 Price.

GVA: 2012-13p: Mining: Iron Ore data was reported at 16,583.000 AUD mn in Jun 2015. This records an increase from the previous number of 15,157.000 AUD mn for Mar 2015. GVA: 2012-13p: Mining: Iron Ore data is updated quarterly, averaging 2,349.500 AUD mn from Sep 1985 (Median) to Jun 2015, with 120 observations. The data reached an all-time high of 16,583.000 AUD mn in Jun 2015 and a record low of 984.000 AUD mn in Dec 1988. GVA: 2012-13p: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A184: SNA08: Gross Value Added: by Industry: Chain Linked: 2012-13 Price.

Titanium traded flat at 50.50 CNY/KG on July 11, 2025. Over the past month, Titanium's price has remained flat, but it is still 4.12% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for Titanium.

Australia GVA: 2013-14p: Mining: Iron Ore data was reported at 18,943.000 AUD mn in Jun 2016. This records an increase from the previous number of 18,042.000 AUD mn for Mar 2016. Australia GVA: 2013-14p: Mining: Iron Ore data is updated quarterly, averaging 3,690.000 AUD mn from Sep 1985 (Median) to Jun 2016, with 124 observations. The data reached an all-time high of 18,943.000 AUD mn in Jun 2016 and a record low of 1,671.000 AUD mn in Dec 1988. Australia GVA: 2013-14p: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A183: SNA08: Gross Value Added: by Industry: Chain Linked: 2013-14 Price.

Australia GVA: 2014-15p: Mining: Iron Ore data was reported at 11,718.000 AUD mn in Jun 2017. This records an increase from the previous number of 10,833.000 AUD mn for Mar 2017. Australia GVA: 2014-15p: Mining: Iron Ore data is updated quarterly, averaging 2,190.000 AUD mn from Sep 1985 (Median) to Jun 2017, with 128 observations. The data reached an all-time high of 11,718.000 AUD mn in Jun 2017 and a record low of 958.000 AUD mn in Dec 1988. Australia GVA: 2014-15p: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A182: SNA08: Gross Value Added: by Industry: Chain Linked: 2014-15 Price.

Australia GVA: 2016-17p: Trend: Mining: Iron Ore data was reported at 12,152.000 AUD mn in Sep 2018. This records a decrease from the previous number of 12,208.000 AUD mn for Jun 2018. Australia GVA: 2016-17p: Trend: Mining: Iron Ore data is updated quarterly, averaging 2,301.000 AUD mn from Sep 1985 (Median) to Sep 2018, with 133 observations. The data reached an all-time high of 12,208.000 AUD mn in Jun 2018 and a record low of 1,004.000 AUD mn in Jun 1986. Australia GVA: 2016-17p: Trend: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A077: SNA08: Gross Value Added: By Industry: Chain Linked: 2016-17 Price.

Australia GVA: 2017-18p: Mining: Iron Ore data was reported at 11,914.000 AUD mn in Sep 2019. This records an increase from the previous number of 11,657.000 AUD mn for Jun 2019. Australia GVA: 2017-18p: Mining: Iron Ore data is updated quarterly, averaging 2,321.000 AUD mn from Sep 1985 (Median) to Sep 2019, with 137 observations. The data reached an all-time high of 11,914.000 AUD mn in Sep 2019 and a record low of 902.000 AUD mn in Dec 1988. Australia GVA: 2017-18p: Mining: Iron Ore data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A085: SNA08: Gross Value Added: by Industry: Chain Linked: 2017-18 Price.