Explorer/Iron Ore

IRON

Iron Ore

Low Risk

Why This Metal Matters

Iron ore is the raw material for steel, and steel underpins virtually all modern infrastructure. China consumes over 70% of seaborne iron ore supply, making its price one of the clearest indicators of global industrial activity. Fluctuations in Chinese construction and manufacturing ripple through iron ore markets almost immediately.

Use Cases

Steel ProductionConstructionAutomotive

Prices shown are spot market rates sourced from MetalpriceAPI and may differ from exchange-traded futures prices. Historical data for industrial and tech-critical metals represents annual averages sourced from USGS Mineral Commodity Summaries, LME, and other public references. All prices are intended for informational purposes only.