Country Report
Global iron ore cost summary
Report summary
Average seaborne cash costs in 2020 fell to US$29/tonne, compared to US$31/tonne in 2019 and global C1 operating costs were 9% lower than last year. The lower costs were a direct result of plummeting fuel prices in the first half of the year and lower exchange rates which were enough to offset additional costs associated with operating in a COVID-19 environment. We don't expect costs to rise much going forward as productivity and efficiency gains from automation continue to keep costs low.
Table of contents
- Vale
- Rio Tinto
- BHP Billiton
- Fortescue
-
Operating costs
- Delivered costs
- Capital costs
Tables and charts
This report includes 24 images and tables including:
- 2020 Global total cash cost curve (US$/tonne) FOB / ex mine
- Average total cash cost 2009-2030 (US$/tonne, nominal to 2020 and real thereafter)
- Capital Expenditure by project category (nominal to 2020 and real thereafter)
- 2020 Global operating margin curve (US$/tonne)
- Australia
- Brazil
- Cameroon
- Canada
- Chile
- China
- Guinea
- India
- Kazakhstan
- Liberia
- Mauritania
- Peru
- Republic of Congo
- Russia
- Sierra Leone
- South Africa
- Sweden
- Ukraine
- United States
- Delivered contestable iron ore cash costs, CFR North China 2020 US$/dmt 62% Fe fines equivalent
What's included
This report contains:
Other reports you may be interested in
20 March 2020
China iron ore cost summary
Country Report
China iron ore cost summary
Lower prices, falling demand and competition from seaborne imports will cause Chinese iron ore supply to decline over the long term.
$6,75029 May 2020
Global iron ore short-term outlook May 2020
Commodity Market Report
Global iron ore short-term outlook May 2020
Iron ore's resilience should crumble from H2-2020.
$2,50029 March 2018
Iron ore material moved falling in China but rising elsewhere
Insight
Iron ore material moved falling in China but rising elsewhere
A decrease in material moved in China may lead to greater competition from Chinese equipment suppliers in international markets.
$1,050
