In iron ore, you care about FOB, not CIF

Iron ore is priced by CIF (Cost, Insurance, and Freight), which masks an iron ore price not as weak as most think. ... It means more cash for the miners and an increase in the effective price of ...

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Iron Ore Price: Charts, Forecasts & News

Iron Ore Prices. Iron ore prices averaged USD 93.07 per metric ton in September, down 7.0% from August. On 30 September, the commodity traded at USD 109.50 per metric …

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Rio Tinto (RIO) Reports 4% Increase in Q4 Iron Ore Production

Guidance for 2023 Pilbara iron ore unit cash costs is unchanged at $21.0 to $22.5 per ton and copper C1 unit costs are at $1.60 to $1.80 per pound.

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How the Iron Ore Market Works

There are, however, many other iron ore mining companies with cash costs that far exceed US$60 per metric ton, and some companies have costs as high as US$120 per metric ton.

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Will Vale Continue to Reduce Its Iron Cash Costs in 2016?

Going forward, Vale's further reduction in cash cost will largely depend on the depreciation of Brazilian currency.

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Rio Tinto Is The Lowest-Cost Iron Ore Miner

The proximity to China, the biggest importer of iron ore gives Australian producers a cost advantage due to lower transportation costs. Rio Tinto is the major iron ore miner with the lowest cash ...

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Iron Ore Price

Iron ore prices refer to Iron Ore Fine China Import 62 percent grade Spot Cost and Freight for the delivery at the Chinese port of Tianjin. Is used to make steel for infrastructure and …

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What's Vale's cost position compared to other iron ore companies?

Its cash costs are $22 per ton. We'll discuss how Vale's cost position compares to other iron ore companies in Australia. Vale is a low-cost producer. Its cash costs are $22 per ton.

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Production costs from iron and steel industry in the …

The results show that the EU27 has the third highest production costs for hot rolled coil via the integrated route (458 EUR/t). The main contributors to these costs are the raw material costs 65%, the 'other costs' 27% and energy costs 17%. The CO 2 cost is included in 'other costs' and for the EU27 represents 2% of the total production ...

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Box B: Iron Ore and Coal Cost Curves | Statement on Monetary Policy

The iron ore cost curve has shifted outward and flattened in recent years because of the significant increase in iron ore production capacity that has resulted from substantial new investment, particularly from lower-cost iron ore producers in Australia, and to a lesser extent Brazil . Over the next few years, the pace of expansion in iron ore ...

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Box B: Iron Ore and Coal Cost Curves

the lower end of the global cost curve (Graph B1). In contrast, Chinese iron ore production tends to be at the higher end, which is likely to reflect higher processing costs due to the lower quality of iron ore mined as well as the high cost of transporting domestic ore to steel mills owing to the inland location of the iron ore mines.

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Vale: Bet On Rising Iron Ore Demand While Being Paid To Wait

Iron ore cash costs decreased by 7%, aligning with the company guidelines ($21.5/t-$22.5/t). Free cash flow to EBITDA reached 25%. On every dollar generated as earnings before interest, taxes ...

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iron ore mine cash costs

iron ore mine cash costs - get-roasted.be. iron ore mine cash costs. Customer Cases. Iron mining in the United States Wikipedia. Iron mining in the United States produced 42.5 million metric tons of iron ore in 2015, worth US$3.8 billion. Iron ore was the third-highest-value metal mined in the United States, after gold and copper.

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Mineral Commodity Summaries 2022

Overall, global prices trended upward to an average unit value of $178.27 per ton in the first 9 months of 2021, a 64% increase from the 2020 annual average of $108.92 per ton …

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Value-in-use iron ore costs Q2 2024 Report | Wood Mackenzie

Q2 2024 seaborne iron ore cash costs by operator (CFR China, unadjusted for quality) Q2 2024 seaborne iron ore cash costs by operator (CFR China, 62% Fe fines equivalent) Q2 2024 China value-in-use adjusted cost curve (62% Fe fines equivalent) What's included. This report contains:

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June Quarterly Production Report

As one of the world's largest producers of iron ore, our operations in the Pilbara ship more than 190 million tonnes of iron ore annually. ... FY24 guidance for total shipments of 192 - 197mt, including approximately 7mt from Iron Bridge (100 per cent basis) and C1 cost for Pilbara hematite of US$18.00 - US$19.00/wmt. ... Fortescue's cash ...

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AME Direct

Our granular site-by-site work gives you access to a comprehensive platform of engineering models, global production research and reconciled to company financial data. This research provides detailed valuations on most of the world's projects, mines, plants and fields.

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Serra Norte (Northern System) iron ore mine

Cash cost (US$/tonne) Cash cost; Capital costs (US$ million) Product quality; Economic assumptions; What's included. This report contains: ... One of the largest high-grade, direct shipping iron ore mine known in the worlde. Low costs are due to low-strip and a truckless system. $2,250. Asset Report Paraopeba (Southern System) iron …

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WESTERN AUSTRALIA IRON ORE PROFILE – March 2024

• The average total cash cost of Western Australia's iron ore exports was US$ a tonne in 20240.0, below the world 3 average of US$52.1 a tonne, and below its main competitor in Brazil (US$49.7 a tonne). • Western Australia's major iron ore ports are close to the

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Value-in-use iron ore costs Q1 2024

The average global value-in-use (VIU) iron ore cost for Q1 2024 is US$57.5/t (62% Fe fines basis, CFR China). This is up by 2.2% compared to the last quarter and 8.4% compared to the previous year. The increases in Q1 2024's iron ore cost are also due to our downward adjustment of pellet premiums and the weaker US dollar …

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4 Factors Driving Vale's Long-Term Returns

Currently, the cash cost for Vale's iron ore is around $22.30 per ton (data from 2023), which is increased by approximately $41 per ton with disbursements related to royalties, distribution ...

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Global iron ore supply summary 2021

2021 Global total cash cost curve (US$/tonne) FOB / ex mine; Average total cash cost 2009-2030 (US$/tonne, nominal to 2021 and real thereafter) Delivered contestable iron ore cash costs, CFR North China 2021 US$/dmt 62% Fe fines equivalent

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Vale SA looks to reduce iron ore operating costs

Its cash costs for iron ore production were $20.80 per ton in 2013. Owing to higher quality and economies of scale, Vale SA (VALE) comes second with C1 cash costs of ~$23.6 per ton.

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Iron Ore –Delivering value from flexibility and …

Ore Reserve estimates, together with the ownership percentages for each joint venture were set out in the Mineral Resource and Ore Reserve statements in the 2013 to 2017 Rio Tinto annual reports to shareholders released to the market on 14 March 2014, 6 March 2015, 3 March 2016, 2 March 2017 and 2 March 2018 respectively.

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Iron Ore faces long-term challenges but two companies …

With that being said, iron ore should find cost support around ~US$80-90/tonne, noting Wood Mackenzie's latest global cost curve shows the 90th percentile of iron ore producers operate at a cash cost of US$86/tonne. Over the last five years the iron ore price has consistently found cost support at ~US$80/tonne.

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The world's lowest cost iron ore producer

The 2023–24 financial year (FY24) saw BHP retain its position as the world's lowest cost iron ore producer, underpinned by the performance of its Western Australian Iron Ore (WAIO) operations.

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Iron Ore | Today's Spot Price & Charts

40 rowsAustralia is the world's largest iron ore exporter (and 2nd largest producer) accounting for around a third of global production. Western Australia holds just over 90% of Australia's identified iron ore resources …

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Value-in-use iron ore costs Q4 2023

Q4 2023 seaborne iron ore cash costs by operator (CFR China, 62% Fe fines equivalent) Q4 2023 China value-in-use adjusted cost curve (62% Fe fines equivalent) What's included. This report contains: China_delivered_VIU_adjusted_costs_Q4 2023.xlsx. XLSX 1.31 . China Delivered VIU Adjusted Costs Q4 2023 Flex.xlsx ...

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Vale Is About To Become The Lowest Cost Iron Ore Miner

For the first quarter, Vale reported iron ore cash production costs, FOB excluding royalties, of BRL53.4 per metric ton. As a result of cost reductions, Q2 cash unit costs decreased to BRL48.7, an ...

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Iron Ore | Metals & Mining | McKinsey & Company

Iron Ore Cost Curves and Models. Highly granular historical and forecasted cash costs broken down by activity, including mining, processing, overhead, freight, treatment charge, refining charge, by-products, …

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Cash boost for Aurumin after WA iron ore rights sale

Aurumin has pocketed a cash boost of $500,000 for the sale to private company Newcam Minerals of an exclusive six-month option on the iron ore rights at its Central Sandstone gold project in WA. Newcam will conduct due diligence across the site that consists of three mining leases and it may lead to a JV agreement between the two …

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