Iron ore
98US$/dmtu▲ 1.5% vs Aug 2026
Latest observation Sept 2026
- Latest
- 98
- Change
- +757.0%
- Year on year
- −5.4%
- High
- 214 Jun 2021
- Low
- 9 Jan 1968
- Average
- 50
- Volatility
- 23.4%
Iron ore is 98 US$/dmtu (Sept 2026), 757.0% higher than in Jan 1960. Over the last year: −5.4%.
What is this?
The world market price of iron ore (US$/dmtu).
Mozambique has iron ore deposits but little production; shown as a global benchmark.
How to read it
Higher means the commodity sells for more on world markets.
Unit: US$/dmtu.
Measure: Global benchmark price.
What does the data say?
Iron ore is 98 US$/dmtu (Sept 2026), 757.0% higher than in Jan 1960. Over the last year: −5.4%.
Over all 801 observations since Jan 1960, the highest was 214 (Jun 2021) and the lowest 9 (Jan 1968).
Why does it matter?
- Households: Affects local prices only where Mozambique imports the product.
- Businesses: Exporters earn more when world prices rise; importers pay more.
- Government: Royalties and export taxes move with world prices.
- Investors: Commodity exposure of Mozambique's exports.
- Mobile money: Indirect; mainly through incomes in producing regions.
Observed facts are above; these are possible implications, not measured effects.
What should I watch?
Data source
- Source
- World Bank Commodity Price Data (The Pink Sheet)
- Frequency
- Monthly
- Observations
- 801 (Jan 1960 – Sept 2026)
- Source published
- 2026-10-02
- Last retrieved
- 2026-10-17
- Method
- Monthly average in nominal US dollars. Column "Iron ore, cfr spot" ($/dmtu).
- Limitations
- A world market price, not the price Mozambican producers or exporters actually receive, nor the export unit value in customs data.
- Download
- All stored observations (JSON) · CSV from the chart