Price of Iron Ore, page-1561

Courtesy of Stoc…..d this afternoon.

The lithium concentrate, which supplies around half of the world’s lithium raw materials and is essential to China’s massive lithium chemical and the world’s electric vehicle supply chain, became the second largest mineral commodity by sales after iron ore.

However, that was a distant second as stronger than expected prices and record output of 861Mt saw iron ore sales clock a historically high $125b, only behind FY22 and the record FY21 year in terms of earnings. The latter included a period in May 2021 when iron ore prices hit a record US$237/t, the only time they’ve ever been above US$200.DYOR