Japan's Mitsui and Australia's Rio Tinto have started a feasibility study into a new iron ore mine which will compete with the Chinese controlled Simandou mine.

Iron prices started off strong at the beginning of 2024, but have since dropped steeply to two year lows. Iron is one of the world’s most important industrial metals, and is primarily used in the ...

Iron ore prices have displayed volatility in the past few years as the world has dealt with the economic uncertainty surrounding COVID-19 lockdowns, the Russia-Ukraine war and rising levels of ...

The iron ore industry has experienced significant volatility since 2020. Prices peaked in July 2021 at nearly $225 per ton. Since then, prices have fallen more than 50%. A lot of this volatility is ...

A recent discovery of a 55 billion metric ton iron ore reserve in Western Australia's Hamersley region, valued at US $6 trillion, is expected to significantly impact global iron ore markets and prices ...

The WA government has released its overview of the state's tax and royalties, forecasting iron ore royalties to drop 36 per cent for the two years ending June 30, 2026. Analysts say the forecast is ...