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Iron ore has enjoyed a huge rally, and these plays will still be worth it even if prices tumble. After peaking at nearly 95 per dry ton in late February, the price of iron ore at China's port of Qiangdo has dropped 10% so far, and futures for September delivery lost 15% .
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May 16, 2019· About the Price. Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
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billion) investment in the Koodaideri iron ore mine in Western Australia. Koodaideri will deliver a new production hub for Rio Tinto's worldclass iron ore business in the Pilbara, incorporating a processing plant and infrastructure including a 166kilometre rail line connecting the mine to the existing network.
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