Iron Ore

Iron ore has recently slipped below the key $100 per tonne level, reflecting deeper weaknesses in global demand and persistent supply growth. This is a significant event in the commodities market because iron ore is a core raw material for steel production and acts as an economic barometer for heavy industries. Spot prices for materials…

Iron ore sits at the heart of Australia’s trade with China, the world’s biggest buyer of the metal used to make steel. But in October 2025, headlines sparked concern when reports suggested tensions between BHP Group and Chinese buyers were rising. China’s state-backed China Mineral Resources Group (CMRG) was said to be pushing for lower…