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Iron ore and coal prices kick up on Australian cyclone

Iron ore buyers concerned about supplies in the wake of a cyclone and a coal mine death have pushed up prices in the past week. While earlier this week some analysts had tipped a 2020 decline in the iron ore price to $US89 ($129) a tonne, the price has risen in

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Iron Ore And Coking Coal News, Prices and Analysis Metal

All the latest breaking global iron ore and coking coal news, prices and expert market analysis.

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Iron ore and coking coal prices The Northern Miner

On Aug. 4, a tonne of 62% iron ore on the Platts Iron Ore Index (IODEX) reached US$118, up US$1.65 from the previous day’s close, while coking coal remained unchanged at US$118.50 per tonne. The two commodities reached a 99.6% spot price parity, compared to iron ore averaging 57% of the coking coal price for the past decade, Platts reported.

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2019 has been great for small cap iron ore miners but

29/05/2019· When spot prices for benchmark 62% fines topped out at $US108.62 a tonne on Monday, it marked a gain of around 70 per cent since November. Lower grade 58% fines edged above $US90 — a parabolic increase of almost 130 per cent over the same timeframe. That’s been particularly beneficial for some small caps in the space (more on that later).

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Iron ore, coking coal prices are soaring MINING.COM

Although down sharply from its 2017 high struck in February iron ore has averaged $70.60 since the start of the year compared to $56.50 over the course of 2016. Steelmaking coal (premium...

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Iron ore: Small miners under big pressure if iron ore

Mineral Resources is a major contractor for Atlas Iron and BC Iron and it has now become one of the biggest junior iron ore miners with plans to produce 16 million tonnes of iron ore in 2017. Its total cost of production is on the lower end of the spectrum, coming in at $55.90 (US42.50) per wet metric tonne.

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Iron ore pricing explained Metal Bulletin

Different percentages of iron content reflect both the natural variation in iron ore grades found in mine deposits and the degree of processing (if any) employed to upgrade the ore for a certain use. In general, higher purity ores help increase hot metal yields in the blast furnace, and also lower production cost by reducing the amount of coke required. For these reasons, the rule of thumb is “higher Fe grade, higher price.”

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