Iron Ore rose to 106.94 USD/T on December 1, 2025, up 2.00% from the previous day. Over the past month, Iron Ore's price has risen 1.04%, and is up 1.54% compared to the same time last year, 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 December of 2025.

In May 2024, iron ore was valued at approximately *** U.S. dollars per dry metric ton unit (dmtu), as compared to *** U.S. dollars per dmtu in the same month of the previous year. Iron ore prices and production Iron ore refers to the minerals and rocks from which metallic iron is economically viable to extract. Pig iron, which is one of the raw materials used in steel production, is derived from iron ore. The price of iron ore has fluctuated a great deal over the last twenty years. In 2003, one dmtu of iron ore cost ** U.S. dollars, and increased to a high of *** U.S. dollars per dmtu in 2011. The price saw dramatic drops in the past decade, from ****** U.S. dollars per dry metric ton unit in March 2013 to ***** U.S. dollars per dmtu in December 2015. Since then, the price has increased gradually to ****** U.S. dollars per dmtu as of July 2021, before dropping sharply in August 2021. Iron ore producers Overall, the global production of iron ore did not decrease when the prices dropped. In fact, an increase in production among several of the world's largest iron ore producing countries was observed in the past five years. Australia produced *** million metric tons of iron ore in 2023. China is also among the world's largest iron ore producers, though its production is calculated differently than in other countries. Based primarily on the production of raw ore rather than usable ore, China produced an estimated *** million metric tons in 2023.

This statistic depicts the average annual prices for iron ore from 2014 through 2024, with forecasted figures for 2024 to 2026. In 2024, the average price for iron ore stood at 109.4 nominal U.S. dollars per dry metric ton.

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.

Steel rose to 3,117 CNY/T on December 2, 2025, up 0.23% from the previous day. Over the past month, Steel's price has risen 1.30%, but it is still 7.09% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on December of 2025.

In 2024, the average price of iron oxide in the United States was estimated at *** U.S. dollars per kilogram, a slight decrease in comparison to the price reported in the previous year. Nevertheless, when compared to 2019, iron oxide prices in the North American country have nearly tripled. Iron oxide pigments are commonly used in concrete and other building materials.

Manganese traded flat at 29.85 CNY/mtu on November 28, 2025. Over the past month, Manganese's price has risen 0.34%, and is up 2.05% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Manganese Ore - values, historical data, forecasts and news - updated on December of 2025.

Nickel fell to 14,879.88 USD/T on December 3, 2025, down 0.20% from the previous day. Over the past month, Nickel's price has fallen 1.20%, and is down 7.47% compared to the same time last year, 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 December of 2025.

HRC Steel fell to 891.06 USD/T on December 2, 2025, down 0.88% from the previous day. Over the past month, HRC Steel's price has risen 5.08%, and is up 29.14% compared to the same time last year, 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 HRC Steel.

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Brazil Iron & Steel Imports: FOB: NCM: Value: Articles: Steel Rails, Weighing Super Linear or Equal to 445 kg per M data was reported at 5.288 USD mn in Jun 2019. This records an increase from the previous number of 4.570 USD mn for May 2019. Brazil Iron & Steel Imports: FOB: NCM: Value: Articles: Steel Rails, Weighing Super Linear or Equal to 445 kg per M data is updated monthly, averaging 5.085 USD mn from Jan 1996 (Median) to Jun 2019, with 277 observations. The data reached an all-time high of 69.376 USD mn in Jan 2011 and a record low of 0.000 USD mn in Jul 1999. Brazil Iron & Steel Imports: FOB: NCM: Value: Articles: Steel Rails, Weighing Super Linear or Equal to 445 kg per M data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH006: Iron and Steel Imports: NCM Classification: Value: by Product: Articles.

Coal fell to 108.35 USD/T on December 1, 2025, down 1.86% from the previous day. Over the past month, Coal's price has fallen 1.14%, and is down 20.33% compared to the same time last year, 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 December of 2025.

Brazil Iron & Steel Exports: FOB: NCM: Value: Articles: Steel Rails, Weighing Super Linear or Equal to 445 kg per M data was reported at 0.055 USD mn in Jun 2019. This records an increase from the previous number of 0.003 USD mn for May 2019. Brazil Iron & Steel Exports: FOB: NCM: Value: Articles: Steel Rails, Weighing Super Linear or Equal to 445 kg per M data is updated monthly, averaging 0.000 USD mn from Sep 1996 (Median) to Jun 2019, with 268 observations. The data reached an all-time high of 0.771 USD mn in Feb 2003 and a record low of 0.000 USD mn in May 2018. Brazil Iron & Steel Exports: FOB: NCM: Value: Articles: Steel Rails, Weighing Super Linear or Equal to 445 kg per M data remains active status in CEIC and is reported by Ministry of Development, Industry and Trade. The data is categorized under Brazil Premium Database’s Metal and Steel Sector – Table BR.WAH008: Iron and Steel Exports: NCM Classification: Value: by Product: Articles.

Lithium rose to 94,400 CNY/T on December 2, 2025, up 0.05% from the previous day. Over the past month, Lithium's price has risen 16.54%, and is up 20.64% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on December of 2025.

Indonesia Export: Value: Vessel'S Anchor of Iron or Steel Weighing More than 300 Kg, of Ship, which is Included in the Tariff Heading 7316.00.00 data was reported at 0.006 USD mn in Feb 2024. This records an increase from the previous number of 0.000 USD mn for Jun 2022. Indonesia Export: Value: Vessel'S Anchor of Iron or Steel Weighing More than 300 Kg, of Ship, which is Included in the Tariff Heading 7316.00.00 data is updated monthly, averaging 0.003 USD mn from Jun 2022 (Median) to Feb 2024, with 2 observations. The data reached an all-time high of 0.006 USD mn in Feb 2024 and a record low of 0.000 USD mn in Jun 2022. Indonesia Export: Value: Vessel'S Anchor of Iron or Steel Weighing More than 300 Kg, of Ship, which is Included in the Tariff Heading 7316.00.00 data remains active status in CEIC and is reported by Statistics Indonesia. The data is categorized under Indonesia Premium Database’s Foreign Trade – Table ID.JAH097: Foreign Trade: by HS 8 Digits: Export: HS98: Special Provisions for The Transportation Equipment Industry.

Neodymium rose to 742,500 CNY/T on December 1, 2025, up 5.32% from the previous day. Over the past month, Neodymium's price has risen 9.19%, and is up 43.90% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Neodymium Rare Earth - values, historical data, forecasts and news - updated on December of 2025.