Iron Ore Price - 6/7/17

Its been a long time between drinks for this blog. With all the excitement of a rising iron ore price in May, this author was too busy dealing with the major upswing in demand for engineering and project services from #engenium to keep you all informed

May saw an increase in the price of iron ore from a low of $58 in late April to $66 n late May before settling back down to todays price of $63.23. BHP Newman hub fire may have contributed to the price increase. Otherwise the general improvement in the US economy may have helped prices climb somewhat. Gold continues to show good growth opportunities.

Lithium grows from strength to strength with the 2006 price of US$3,320/t now US$9100/t in 2017.

• Commodity Current Price $USD Change $USD
• 62% Fines US$63.23/t down $1.65%
• Gold US$1225/oz up $3.60 0.21%
• WTI Oil $45.13/B down $1.94 4.12%
• Nickel $9,121.50/t down $19.50 0.21%
• Copper $5,814/t down $53.25 0.91%
• $A/$US $0.76 up 0.05%.
• ASX200 at 9.00am 5759.5 down 3.8pts 0.07%
• Dow Jones 21478 down 1pt. 0.01%