Iron ore price falling to US$123 a tonne
The spot price for iron ore is US$123 a tonne, ahead of the Australian market open.
As iron ore exports account for anywhere between 20-40% of Australia’s total exports, the price of iron ore is a key indicator for the trading day on the Australian stock market.
In other commodities, copper is trading at US$4.21 per pound, nickel is US$28,309 per tonne, and lithium is CNY¥457,500 per tonne.
Gold is trading at US$1,851.34 per ounce.
WTI crude oil is selling for US$105.57 per barrel while Brent oil is higher at US$107.32 per barrel.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you
See more stories like this
48% of businesses say they will not raise prices, primarily due to the desire to...read more