The iron ore price, probably more than that of any other commodity in today’s global market, seems to captivate investor attention. At its simplest it is the price a buyer is willing to pay for a tonne of iron ore to be sent to its shores. But is it so simple? The iron ore price hardly tells the full story.
The daily price of iron ore supposedly provides an insight into how the Chinese economy is travelling; and what the share price performance might be for major iron ore producers.