Iron ore prices rise after major Australian miner pauses activity; Chinese mills opt for cheaper concentrate

Seaborne iron ore prices rose on Friday September 22 in line with futures and swap prices after the suspension of mining operation at an Australian mine site hyped up the iron ore market, sources told Fastmarkets.

Key drivers
The most-traded January iron ore futures contract on the Dalian Commodity Exchange (DCE) gained during Friday trading, closing at 871.50 yuan ($119) per tonne compared with 854 yuan...


Alice Li

Shu Yi Zheng

September 22, 2023

13:17 GMT