High-grade iron ore fines lose steam as 65%-62% price …
While the Platts Iron Ore Index, or IODEX, approaches the $120/dmt CFR China level, the spread with the high Fe 65% material has narrowed significantly in …
Frets over high-grade iron ore ease as tech, mines …
In a 2022 report, the Institute for Energy Economics and Financial Analysis (IEEFA), a think tank, flagged concerns that a shortage of direct reduced grade (DR-grade) iron ore containing over 67% iron …
More high-grade iron ore needed to accelerate steel …
However, DRI technology requires a higher grade of iron ore than blast furnaces – typically at least 67%. "Iron ore miners continue to be largely focused on producing lower quality blast furnace-grade iron ore as this coal-consuming technology still produces the great majority of the world's steel," said report author Simon Nicholas.
THE GROWING IMPORTANCE OF PELLETIZING FOR IRON ORE MINING AND IRON
follows: the depletion of high grade iron ore reserv es, the great Chinese iron ore demand, ... (Fe > 67%), as can be seen in the top of figure 4. Blast furnace pellets are .
Fortescue's Iron Bridge Magnetite project marks first ore …
Iron Bridge, located 145 kilometres south of Port Hedland, will deliver 22 million tonnes per annum of high grade 67% Fe magnetite concentrate. This product enables Fortescue to enter the high iron ore grade market segment providing an enhanced product range while also increasing annual production and shipping capacity.
Iron ore may see structural shift on lack of new supply
One way of reducing the amount of coal needed per tonne of crude steel is to use higher grade iron ore, and this is likely to drive a two-speed iron ore market, where high-grade material commands ...
Understanding the high-grade iron ore market
The high-grade iron ore market is largely aligned with iron ore as a commodity in general. In the real world, however, iron units are not fungible ... (and rarely lump) grades …
Stockhead – Higher & higher – Which companies can supply …
High grade iron ore will be an essential ingredient in the only form of green steelmaking currently anywhere near commercial viability – direct reduced iron. top of page. ... (US$900m more than initially planned), the lure of producing 22Mtpa of 67-68% magnetite concentrate that would garner super premium prices has seen it stay the course.
Solving Iron Ore Quality Issues for Low-Carbon Steel
DRI-EAF technology is proven and in use today. However, it only accepts high quality iron ore (DR-grade) with iron (Fe) content of 67% and above, which has lower levels of impurities. DR-grade iron ore currently makes up only about 4% of global iron ore exports.4 Overall iron ore quality has been in decline for 20 years
Iron Ore Quality a Potential Headwind to Green …
project will produce 22MT per annum of high-grade, 67% Fe magnetite concentrate, with the first output scheduled for December 2022. However, FMG has suggested this may …
Iron Ore Quality a Potential Headwind to Green …
High-grade (high iron content) pellets form a much smaller ... Although this will produce high-grade iron ore, it seems likely that the great majority of output will be blast furnace-grade. ... project will produce 22MT per annum of high-grade, 67% Fe magnetite concentrate, with the first output scheduled for December 2022. However, FMG has ...
Uptick in high grade iron ore demand widens 65%-62% Fe …
The 65%-62% Fe spread, an indicator of the price difference between high- and medium-grade fines, has gradually widened in recent days following some volumes of Brazilian Iron Ore Carajas (IOCJ) changing hands in the spot market, but the upside could still be capped by weak production margins, market sources told S&P Global Commodity …
Fortescue's Iron Bridge commences high grade …
Fortescue Metals Group Ltd has successfully made its first magnetite product, remarkably at first run grade of greater than 68% Fe. Further to the successful production of wet concentrate at the Iron …
High-grade iron ore fines lose steam as 65%-62% price …
While the Platts Iron Ore Index, or IODEX, approaches the $120/dmt CFR China level, the spread with the high Fe 65% material has narrowed significantly in recent days to over a three-year low on the back of poor buying interest for delivered cargoes in the two to eight weeks forward window from Chinese mills in September.
Iron Ore
Iron Ore decreased 44.34 USD/MT or 32.51% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Iron Ore reached an all time high of 219.77 in July of 2021. Iron Ore - data, forecasts, historical chart - was last updated on September 20 of 2024.
Production & Growth
high grade production. Ferrexpo's production of high-grade iron ore pellets today, which are pellets grading either 65% Fe or above, represents the culmination of a multi-year investment programme to develop a higher quality suite of products to offer to premium steelmakers around the world, to future-proof the Ferrexpo business.
About Ferrexpo | Ferrexpo
In 2020, Ferrexpo added commercial sales of additional products - higher grade iron ore pellets grading 67% Fe, and high grade commercial concentrate, also grading 67% Fe. Through these additional products offered, the Group has been able to further increase the overall grade of the Group's production.
Iron ore quality a potential headwind to green steelmaking
DR-grade iron ore ideally has an iron (Fe) content of 67% or more and such deposits are scarce --only a small percentage of global seaborne iron ore comes close to DR-grade. Seaborne Iron Ore Supply by Fe Content (%) Source: Vale ... Vale is also the world's largest supplier of high-grade iron ore pellets for DRI plants and blast …
Iron Bridge taking FMG in a new mining direction
Iron Bridge signifies Fortescue's entry into the high-grade segment of the iron ore market, providing an enhanced product range while also increasing annual production and shipping capacity. In May, Fortescue successfully made its first magnetite product, remarkably at first run grade of greater than 68% Fe.
(PDF) Mineral and Technological Features of Magnetite
Analysis of the current technical solutions for the processing of iron ores showed that the high-grade ores are directly exposed to metallurgical processing; by comparison, low-grade ores ...
What We Do
High grade iron ores are materials with 65% iron content ("65% Fe") or above, whereas the majority of the world's iron ore exporters produce material that has an iron content of between 58% and 62%. The higher the grade, the more productivity a steelmaker can achieve, and the less fuel is required to create steel, therefore producing lower ...
Solving iron ore quality issues for low-carbon steel
However, it requires high-quality iron ore (DR-grade) with iron (Fe) content of 67% and above, which has lower levels of impurities. DR-grade iron ore currently makes up only about 4% of global iron ore supply. Some fossil fuel-based steelmaking supply chain incumbents suggest this scarcity means that there are limits on how much …
Transforming iron ore processing – Simplifying the …
With the need for decarbonisation in the iron and steelmaking industry, there is a growing demand for high grade iron ore concentrate at more than 67% Fe. In the context of declining ore grades, there is an increasing need for a more effective circuit for beneficiating the itabirite ore.
Resurgent demand for iron ore pellet feed to drive wedge within high
Fastmarkets' iron ore 67.5% Fe pellet feed premium cfr Qingdao index averaged $2.16 per tonne in the week ended Friday August 18, 9% higher compared to the trading week between July 31-August 4. A Swedish-origin pellet feed cargo was sold in mid-August at the monthly average of a 65% Fe index at the month of the notice of readiness …
Fortescue ships first magnetite product from Iron Bridge
Fortescue's first shipment from its newly built Iron Bridge operations will soon be on its way to Vietnam marking the first time the Company has exported a high-grade magnetite product. It follows first production earlier this year which saw the plant surpass expectations with a first run grade of greater than 67% Fe.
Iron ore quality a potential headwind to green …
DR-grade iron ore ideally has an iron (Fe) content of 67% or more and such deposits are scarce --only a small percentage of global seaborne iron ore comes close to DR-grade. Seaborne Iron Ore …
Sub-par supply is driving magnetite prices up. Which ASX
Wood Mackenzie anticipates the deficit in high-grade iron ore supply could reach up to 200Mtpa by 2050. To put this into perspective, that's about one-fifth of China's current annual iron ore imports. ... "Aside from FMG's Iron Bridge project which will produce high grade (67% Fe) iron ore suitable for pelletising, which is scheduled to ...
More high-grade iron-ore needed to accelerate steel …
However, DRI technology requires a higher grade of iron-ore than blast furnaces – typically at least 67%. ... Basirat explains that deposits of high-grade iron-ore are scarce, but notes that ...
Iron Ore Quality a Potential Headwind to Green …
Another factor has received less attention. DRI steelmaking requires a higher grade of iron ore than blast furnaces, the dominant global process. DR-grade iron ore ideally has an iron (Fe) content of 67% or more and such deposits are scarce -- only a small percentage of global seaborne iron ore comes close to DR-grade (Figure A).
(PDF) Geological Controls on High-Grade Iron Ores from …
Very high-grade blue dust ore (friable and powdery hematitewith~67% Fe), high-grade massive, hard laminated hematitic ores (~66% Fe) and medium to low grade goethitic/lateritic ores (50%–60% Fe) are the common iron-ore lithologies in KMIOD.