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For each commodity they quote a range (low and high price) which reflect the buying and selling about 9-fold due to China's transition from light to heavy industry and its focus on manufacturing. [2] (China became the world's largest consumer of iron ore in 2003, [3] and accounts for over half of global metal consumption.) [4]
Argus launched coverage of the global iron ore market with daily report Argus Steel Feedstocks in February 2013. [17] Argus expanded its metals coverage further in 2015, after acquiring MetalPrices.com [ 18 ] - a specialist pricing, news and analysis service focusing on speciality metals, rare earths and ferro-alloys.
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American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
Warren C. Platt (1883–1963) started the magazine National Petroleum News in Cleveland, Ohio in 1909. He expanded the business with the publication of the newsletter called Platts Oilgram in 1923, which went on to be recognized as an influential source for petroleum prices. The companies founded by Platt that published prices and news were ...
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Iron ore was the third-highest-value metal mined in the United States, after gold and copper. [2] Iron ore was mined from nine active mines and three reclamation operations in Michigan, Minnesota, and Utah. Most of the iron ore was mined in northern Minnesota's Mesabi Range. Net exports (exports minus imports) were 3.9 million tons.
Iron ore mines in the Pilbara region. Rio Tinto's iron ore operations in the Pilbara began in 1966, [2] with the Mount Tom Price mine opening that year. Mount Tom Price was the company's first mine to open in the Pilbara. [8] The mine has an annual production capacity of 28 million tonnes of iron ore, sourced from open-pit operations.