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iron ore - Latest news GMK Center

Photo – Iron ore exports from Ukraine may decline by 5% in 2026 – GMK Center forecast
Iron ore exports from Ukraine may decline by 5% in 2026 – GMK Center forecast

The decline in exports to China in 2026 may be partially offset by growth in shipments to the EU

Photo – Ukraine reduced iron ore exports by 4.9% y/y in January-November
Ukraine reduced iron ore exports by 4.9% y/y in January-November

The bulk of raw materials was sent to China, Slovakia, and Poland

Photo – Ukraine remains among the top five suppliers of agricultural products to Turkey
Ukraine remains among the top five suppliers of agricultural products to Turkey

Ukrainian ore supplies have fallen by more than half, but the country remains among key partners

Photo – Global iron ore exports fell by 6% m/m in November
Global iron ore exports fell by 6% m/m in November

The decline in supplies from Australia and Brazil was only partially offset by India and South Africa amid a weak global economy

Photo – Fitch has raised its forecast for iron ore prices for 2025-2026
Fitch has raised its forecast for iron ore prices for 2025-2026

The agency expects $100/t in 2025 and $90/t in 2026 amid stable global demand

Photo – Vale forecasts iron ore price at $100/ton in 2026
Vale forecasts iron ore price at $100/ton in 2026

Rising production costs and depletion of deposits are shaping a new market structure, despite the emergence of Simandou

Photo – Iron ore prices hit four-month lows in November
Iron ore prices hit four-month lows in November

By the end of the month, quotation levels had recovered, but fluctuations were significant

Photo – Ferrexpo cut direct CO2 emissions by 9% last year
Ferrexpo cut direct CO2 emissions by 9% last year

The company continues exploring new alternatives to further reduce emissions

Photo – Global iron ore supply in 2026 will amount to 2.68 billion tons – Mysteel
Global iron ore supply in 2026 will amount to 2.68 billion tons – Mysteel

Africa will be the key driver of growth in production volumes

Photo – India sharply increased iron ore imports by more than 200% y/y in January-October
India sharply increased iron ore imports by more than 200% y/y in January-October

Demand for high-quality raw materials is growing due to limited domestic supplies and expansion of blast furnace capacity

Photo – Ferrexpo channels nearly $3 bln into Ukraine’s economy since 2022
Ferrexpo channels nearly $3 bln into Ukraine’s economy since 2022

Suspension of VAT refunds threatens further socio-economic contribution

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