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Iron ore price today: live

Snapshot · Daily/weekly feed

Iron ore 62% Fe CFR Qingdao (Platts IODEX) is the global seaborne benchmark. SGX iron ore futures (TIO) provide the most liquid exchange-traded reference. China accounts for roughly 75% of seaborne iron ore demand, making Chinese steel mill activity the dominant short-term price driver.

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Chart proxy: Vale is the world's largest iron ore producer. CMCMARKETS:IRONORE CFD not reliably available. SGX iron ore futures require paid feed.

Price history

Iron Ore price chart

Vale S.A. (VALE) — Iron ore proxyUSD/t
Full chart on TradingView →
Note: Vale is the world's largest iron ore producer. CMCMARKETS:IRONORE CFD not reliably available. SGX iron ore futures require paid feed.
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Iron Ore mining stocks

Major producers

Source: Yahoo Finance + SEC EDGARFull screener →
#CompanyCommodity revenuePrice24h %YTD1YGeography
01
VALE
Vale S.A.
World's largest iron ore producer. Carajas (Para, Brazil) including S11D ultra-high-grade deposit. Northern System, Southern System, Southeastern System. Also major nickel and copper.
~60%
————Brazil · Global pellet distribution
02
RIO
Rio Tinto
Pilbara (WA, Australia): 17+ open-pit mines, 1,700km of rail, two port facilities. ~330Mt shipments 2024. Also holds 27% of Simandou (Guinea) via SIMFER. Iron ore ~65% of group EBITDA.
~65%
————Australia (Pilbara) · Guinea (Simandou)
03
BHP
BHP Group
Western Australia Iron Ore (WAIO): Pilbara operations including Mt Whaleback, Mining Area C, South Flank. ~257Mt shipments FY2024. Iron ore ~55% of group EBITDA.
~55%
————Australia (Pilbara)
04
FSUGY
Fortescue Metals (FMG.AX)
Fourth-largest iron ore producer. Chichester Hub (Cloudbreak, Christmas Creek), Solomon Hub (Firetail, Kings). ~192Mt shipments FY2024. Lower-grade blend product at discount to 62% benchmark.
~90%
————Australia (Pilbara)
05
CLF
Champion Iron (CMP.AX)
Bloom Lake (Quebec, Canada): high-grade DR-grade iron ore pellet feed (66.2% Fe). Supplying European steelmakers seeking green steel raw materials. Phase 2 expansion to 15Mt/yr complete.
~98%
————Canada (Quebec)
06
CLF
Cleveland-Cliffs
Largest US iron ore pellet producer (~20Mt/yr for internal steel use). Acquired Stelco November 1, 2024 ($2.5B). Vertically integrated steelmaker; iron ore is internal cost center.
~15%
————USA (Great Lakes)
Reddit sentiment

Producer stock buzz

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Base MetalsCurated top 5

Iron Ore producer stocks

All commodity stocks
#CompanyTickerPrice24h %ExchangeNote
01
Vale S.A.
NYSE: VALE / B3: VALE3
VALE----NYSEWorld's largest Fe producer
02
BHP Group
NYSE: BHP / ASX: BHP / LSE: BHP
BHP----NYSETop 3 global Fe
03
Fortescue Ltd
OTC: FSUGY / ASX: FMG
FSUGY----OTCPure-play Pilbara — OTC ADR
04
Cleveland-Cliffs Inc
NYSE: CLF
CLF----NYSEUS iron ore + integrated steel
05
Zijin Mining Group
OTC: ZIJMY / HKEX: 2899
ZIJMY----OTCFe + base metals China — OTC ADR

Ranked by commodity exposure (30%+ rule). Source: CommoditiesTracker hub database, June 2026.

Iron Ore ETFs

Top funds by AUM

Source: Yahoo Finance + ETF issuer pagesAll iron ore ETFs →
TickerFundStructureExpense ratioAUMYTD1Y
VALE
VanEck Steel ETF
VanEck
Miners0.56%———
PICK
iShares MSCI Global Metals & Mining
BlackRock
Miners0.39%———
XME
SPDR S&P Metals & Mining ETF
State Street
Miners0.35%———
DBB
Invesco DB Base Metals Fund
Invesco
Futures0.75%———

How iron ore prices move

What’s moving this market

Structural fundamentals · Reviewed annually
Supply

Australia and Brazil dominate seaborne supply

Australia (BHP, Rio Tinto, Fortescue) and Brazil (Vale) together supply roughly 75% of seaborne iron ore. Both countries have low-cost, large-scale operations. Simandou (Guinea), the first major new iron ore supply in decades, began first production in 2025 via the Rio Tinto + Chinalco/Baowu JV. Simandou's 60 Mt/yr at nameplate will be a meaningful new supply source by 2026-2027.

USGS · World Steel Association
Demand

China's steel sector is the demand engine

China produces roughly 55% of global crude steel and imports roughly 75% of seaborne iron ore. Chinese property starts, infrastructure spending, and steel mill margins are the primary demand signals. India is the fastest-growing secondary market, now the world's second-largest steel producer. China's steel exports hit record levels in 2024-2025, creating international trade tensions.

World Steel Association
Policy and macro

China steel output and BHP-Anglo merger attempt set the narrative

China's property sector downturn (peak in 2021, extended trough through 2025) reduced construction-related steel demand. Infrastructure and automotive are partially offsetting. BHP's failed attempt to acquire Anglo American in mid-2024 ($49B, copper-driven) was the defining M&A event. CMRG (China Mineral Resources Group), the state centralized iron ore buyer, is reshaping pricing dynamics.

USGS · IEA · World Steel

Key market data

Iron Ore fundamentals

Annual Mine Production
~2.5Gt

Australia ~35%, Brazil ~25%, China ~15%, India ~8%, Russia ~5%. Seaborne trade is roughly 1.6Gt/yr. Quality matters: high-grade (65%+ Fe) commands a premium over standard 62% Fe.

USGS · World Steel Association
Annual Seaborne Trade
~1.6Gt

The seaborne market (Australia + Brazil to China/Japan/Korea) sets the spot price. China imports roughly 1.2Gt annually. Low-grade ore trade from smaller producers in Africa and Central Asia is growing.

UNCTAD · World Steel Association
China Crude Steel Output
~1,000Mt/yr

China produces roughly 55% of global crude steel. Monthly output data from the National Bureau of Statistics (NBS) and World Steel Association is the most-watched demand signal for iron ore.

World Steel Association · Monthly
Top Producers
AUS + BRA

Australia (BHP, Rio Tinto, Fortescue) and Brazil (Vale) together control roughly 75% of seaborne supply. BHP Pilbara, Rio Tinto Pilbara, Vale Carajas (including S11D) are the world's largest single mining complexes.

USGS
Simandou Project (Guinea)
60Mt/yr target

The largest greenfield iron ore project in decades. Rio Tinto 27% + Chinalco/Baowu JV. First production targeted 2025; 30-month ramp to 60Mt/yr (27Mt Rio share). High grade (~65% Fe) will compete with premium Australian products.

Rio Tinto · SIMFER announcements
Price Volatility (90-day)
~28%

Iron ore is among the more volatile major commodities due to thin liquidity in futures relative to the physical market size and sensitivity to monthly Chinese steel output data.

Calculated · Daily
2026 price forecasts

Iron Ore price targets from 20 analysts

Aggregated 2026 price forecasts from major banks, research houses, and industry bodies. Range, median, and revision history — every forecast linked to its source.

Consensus range
View forecasts
See all forecasts

How to invest in iron ore

Ways to gain iron ore exposure

Full investing guide
ETFs

Iron Ore ETFs

The most accessible vehicle for retail investors. Trade like stocks, low expense ratios.

Equities

Iron Ore stocks

Mining and producer stocks offer 1.5-3x leverage to the underlying commodity but carry operational risk.

Futures

Iron Ore futures

COMEX / LME / NYMEX futures provide direct price exposure with leverage. Requires a futures-enabled brokerage account.

Frequently asked questions

Common questions, answered

The iron ore price shown on this page is the 62% Fe CFR Qingdao (China) spot price, also known as the Platts IODEX. SGX iron ore futures (TIO) are the most liquid exchange reference. Prices are quoted in USD per dry metric tonne.