Iron Ore 101
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Global iron ore supply summary 2026
Iron ore prices average US$102.6/dmt CFR China in 2026 but ease in H2; supply expands 28 Mt, favouring low-cost producers.
$6,750Bolani iron ore mine
Bolani is owned by SAIL and supplies ore to its steel mills in West Bengal. The mine is operating at a capacity of 8.5 Mtpa (ROM).
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China’s role is evolving from the centre of iron ore demand to a key force in market governance
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