The iron ore market has stabilised following a volatile period that extended from the start of the global financial crisis in 2008 to the collapse of the annual benchmark pricing system and the introduction of quarterly iron ore contracts during 2010. Meanwhile, the price of Australian-listed iron ore stocks gained an average 31% in 12 months to September 30, driven by the overall market recovery and the partial scrapping of what has become the proposed minerals resources rent tax. Furthermore, Canadian-listed iron ore companies also saw their collective worth jump some 62% during the same period.
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