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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Other statistics that may interest you Coronavirus: impact on the mining industry worldwide
Overview
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Production
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Companies
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- Premium Statistic 2023 global list of leading mining companies based on revenue
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Prices
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Operations
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- Basic Statistic Global number of mines on hold as a result of COVID-19 crisis April-October 2020
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Further related statistics
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- Iron ore import volume in the U.S. 2010-2020
- Value of iron ore imports to the U.S. 2010-2020
- Value of iron ore exports Vietnam 2010-2019
- Export value of iron ore in India FY 2011-2023
- Value of iron ore imports Vietnam 2010-2019
- Iron ore production APAC 2021, by country
- Share of iron ore imports in the U.S. 2019-2022, by origin country
- Iron ore production Vietnam 2010-2021
- Share of layoffs due to COVID-19 in production companies in Norway March 2020
- Iron ore import volume in Taiwan 2011-2021
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Statistics
- Iron ore import volume in the U.S. 2010-2020
- Value of iron ore imports to the U.S. 2010-2020
- Value of iron ore exports Vietnam 2010-2019
- Export value of iron ore in India FY 2011-2023
- Value of iron ore imports Vietnam 2010-2019
- Iron ore production APAC 2021, by country
- Share of iron ore imports in the U.S. 2019-2022, by origin country
- Iron ore production Vietnam 2010-2021
- Share of layoffs due to COVID-19 in production companies in Norway March 2020
- Iron ore import volume in Taiwan 2011-2021
- COVID-19 impact on smokers' engaged in meditation India 2020 by city tier
- Growth rate of global tourism revenue 2020, by type
- Production aluminum in UAE 2011-2020
- Industry revenue of “aluminium production“ in Turkey 2011-2023
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 March 29, 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 March 29, 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: March 29, 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 March 29, 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/