The 2020 coronavirus (Covid-19) pandemic has had a noteworthy impact on commodities prices, including metals such as iron ore. The impact of Covid-19 on the global iron ore industry is apparent from the decline in the average year-to-date price of iron ore as of May 2020 (83.50 U.S. dollars per metric ton) as compared to the average price in 2019 (90.40 U.S. dollars per metric ton). Compared to other metals, however, iron ore prices have stayed relatively resilient, and are expected to recover further during 2020 once China's steel production increases again.
Impact of Covid-19 on iron ore prices worldwide from 2019 to May 2020
(in U.S. dollars per metric ton)
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Mining.com. (May 18, 2020). Impact of Covid-19 on iron ore prices worldwide from 2019 to May 2020 (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1125574/impact-of-covid-19-on-iron-ore-price/
Mining.com. "Impact of Covid-19 on iron ore prices worldwide from 2019 to May 2020 (in U.S. dollars per metric ton)." Chart. May 18, 2020. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1125574/impact-of-covid-19-on-iron-ore-price/
Mining.com. (2020). Impact of Covid-19 on iron ore prices worldwide from 2019 to May 2020 (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1125574/impact-of-covid-19-on-iron-ore-price/
Mining.com. "Impact of Covid-19 on Iron Ore Prices Worldwide from 2019 to May 2020 (in U.S. Dollars per Metric Ton)." Statista, Statista Inc., 18 May 2020, https://www.statista.com/statistics/1125574/impact-of-covid-19-on-iron-ore-price/
Mining.com, Impact of Covid-19 on iron ore prices worldwide from 2019 to May 2020 (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1125574/impact-of-covid-19-on-iron-ore-price/ (last visited November 22, 2024)
Impact of Covid-19 on iron ore prices worldwide from 2019 to May 2020 (in U.S. dollars per metric ton) [Graph], Mining.com, May 18, 2020. [Online]. Available: https://www.statista.com/statistics/1125574/impact-of-covid-19-on-iron-ore-price/
