During the 1880s iron
ore prices rose to unprecedented heights, so that it appeared that, if the separator could extract the iron from unusable low - grade ores, then abandoned mines might profitably be placed back in production.
Not exact matches
Before the unexpected (and perhaps unsustainable)
rise in the
price of iron
ore, a more interesting trend was developing in the mineral that could put a spring under one of Western Australia's most he
If you're wondering why the outlook for iron
ore remains grim despite last night's
price rise to a three - month high of $ US63.10 a tonne, it is partly because Western Australia's iron
ore miners have a new competitor — themselves.
Over the past six months, the
prices of most commodities have increased, although it is the
prices of iron
ore and coking coal that have
risen particularly strongly.
From the mid 2000s, the
prices for commodities used to produce steel and generate energy — including iron
ore, coal and natural gas —
rose sharply.
The major Australian miners
rose following a lift in overnight iron
ore, nickel and aluminium
prices.
Excluding oil, the domestic component increased by around 1 per cent in the June quarter, driven by
rises in utilities and metal
ore prices, while the non-oil-related
prices of imported inputs
rose by a similar amount.
Iron
ore contract
prices rose by between 4 and 6 per cent in the quarter.
The materials sector has
risen by 16 per cent, boosted by continuing strength in base metals
prices and expectations of substantial increases in contract
prices for coal and iron
ore.
Rapid growth in global steel demand has also boosted contract
prices for other bulk commodities; coking coal contract
prices increased, on average, by 25 — 35 per cent in US dollar terms in recent negotiations, while iron
ore contract
prices have
risen by close to 20 per cent.
Negotiations for coal and iron
ore contract
prices for 2005/06 have commenced, and further large
rises are expected following the steep increases in 2004/05.
Some other resource
prices have also edged higher with, for example, the US dollar contract
prices for iron
ore for the Japanese fiscal year 2003/04 (beginning 1 April 2003)
rising by around 9 per cent on levels of the previous year.
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).
Metal products, machinery, and equipment
prices rose 6.6 %, while
prices of
ores and minerals grew 1.8 % last month.
Much of the recent strength has come from a steep
rise estimated for «other resource»
prices, as sharply higher contract
prices for iron
ore and coal began to take effect from 1 April, and to a lesser extent, from
rising base metals
prices.
Luxembourg had ArcelorMittal, which slumped with the global steel industry as
prices for coking coal and iron
ore rose.
They speculate that there is a lot of uranium
ore still waiting to be discovered, however, if
prices were to
rise.