Daily iron ore price update (supply)

Iron ore prices for January 19, 2021:

Spot and paper down. Not much in news.

Via Westpac, Aussie iron ore volumes have been expanding slowly:

Our bulk shipping activity models point to a noticeable increase in iron ore exports from Australia in December, with a forecast of 78.6mt. While that is up 8mt from the surprisingly weak November, it is still down 2% versus December 2019. The recovery in December was helped by a record 15mt of exports from Port Dampier and brings the total for the year to 883mt. That total is up 3.8% versus 2019 and 4% versus 2018.

More to come with Fortescue to expand output 20mt in 2022.

David Llewellyn-Smith
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