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The shift has been monumental for the iron ore industry and has created a great interest in the pricing of iron ore Today Singapore and India are in the process of setting up a derivative market for iron ore but the de facto spot price index is published by Platts called IODEX and by a Metal Bulletin referred to as MBOI These indices
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Australia on Monday said it expects iron ore prices to average $ a tonne this year down 20 percent from 2024 because of rising global supply and moderating demand from top importer China as its steel sector shrinks The government projection is out of step with some private forecasts with UBS
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