| Catalyst | Price | Day [%] | Week [%] | Month [%] | Year [%] |
|---|---|---|---|---|---|
| iron_ore | 101.6 | 0.0 | -0.3 | 3.5 | 3.2 |
Iron is the most commonly used metal worldwide. It is mainly used in the construction, mechanical, automotive and machinery industries, often as the main ingredient in steel. As such, iron ore supply is an important factor for the global economy. In terms of usable iron ore production, Australia and Brazil are the two largest iron producers in the world
On July 31, 2025, iron ore increased by 0.05% from the day before to 99.12 USD/T. According to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity, the price of iron ore has increased by 6.11% over the last month, although it is still 3.61% lower than it was a year ago.
While Australia and Brazil are the largest exporters of iron ore, China is by far the largest importer of iron ore. As with many other commodities, Chinese demand significantly determines the global iron ore market. Nearly two-thirds of global iron ore exports to China are more than a billion tons.