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Iron ore. The price of this metal, like any other commodity, is largely dictated by the amount of supply and the level of demand. However, its prices can also be affected by speculation, especially when new markets emerge than affect the demand or if the supply of the ores is disrupted in some way.
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The industry standard when discussing iron ore is 62% Fe CFR China which is used by all except IRESS. IRESS (used by many stockbrokers) tracks 61.5% Fe CFR Australia under the ticker "ironore.id". CFR Stands for "cost and freight" and is when the seller must cover the cost of transporting the ore
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Oct 14, 2019 · According to Warren, it is the boom and bust cycles that encourage iron ore miners to find ways to unlock value from waste stockpiles but also to better position themselves to deliver ore at a lower cost per ton, while mitigating the economic risks that come with a fluctuating iron ore prices.
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