Sentences with phrase «global price of iron ore»
According to BHP's Financial Reports last financial year the global price of iron ore averaged US$ 44 per tonne.
https://www.businessnews.com.au/ Not exact matches
Unlike oil, gold and copper, for which prices are set in London and New York, iron ore is one of the few commodities whose global pricing takes its cue from China.
The consolidated structure of the iron ore industry, and geographic separation from competing economic activities, appear to have facilitated a rapid pick - up in transport capacity in response to strong global demand and prices.
Iron ore contract price negotiations have also commenced, and price increases of over 50 per cent are possible given the current strength of global steel demand.
The collapse in global iron ore prices isn't chasing Gina Rinehart away from the red soil of Western Australia that made her a billionaire.
As a result of the strong global demand for steel, coking coal producers negotiated an increase of around 120 per cent in contract prices, with iron ore contract prices generally rising by more than 70 per cent (Graph 39).