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Iron Ore Mining Equipment

Iron Ores View

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4), hematite (Fe2O3), goethite (FeO(OH)), limonite (FeO(OH).n(H2O)) or siderite (FeCO3).

Ores carrying very high quantities of hematite or magnetite (greater than ~60% iron) are known as "natural ore" or "direct shipping ore", meaning they can be fed directly into iron-making blast furnaces. Most reserves of such ore have now been depleted. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel. 98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is "more integral to the global economy than any other commodity, except perhaps oil".

  1. Iron Ore
  2. Marandoo Iron Ore Mine, Pilbara, Australia
  3. Iron Ore Crusher
  4. Iron Ore Mill

Iron Ore Mining Equipment

Iron ore mining equipment is an important part of the mining machinery which is widely used in the iron ore mining industry. Iron ore mining machinery is used for extraction of iron ore minerals and rich selection of iron ore mechanical and other operations, mainly including exploration machinery, iron ore mining machinery and mineral processing machinery.

iron ore mining equipment

Iron Ore Mining Crusher

Iron ore mining crusher shortly named iron ore crusher mainly includes iron ore jaw crusher, iron ore cone crusher, iron ore impact crusher, iron ore hammer crusher used for primary crushing process.

Iron ore jaw crusher is the most widely used primary crusher equipment in iron ore mining industry. Zenith can supply you PE series jaw crusher and PEW series jaw crusher for sale in iron ore processing plants. read more+

Iron Ore Mining Mill

Iron ore mining mill also called iron ore mill, iron ore grinder is applied widely in grinding process. After crushed by iron ore crusher equipments, the iron ore raw materials are feeded into ore grinder machines for fine grinding process.

Iron ore market

Over the last 40 years, iron ore prices have been decided in closed-door negotiations between the small handful of miners and steelmakers which dominate both spot and contract markets. Traditionally, the first deal reached between these two groups sets a benchmark to be followed by the rest of the industry.

This benchmark system has however in recent years begun to break down, with participants along both demand and supply chains calling for a shift to short term pricing. Given that most other commodities already have a mature market-based pricing system, it is natural for iron ore to follow suit. To answer increasing market demands for more transparent pricing, a number of financial exchanges and/or clearing houses around the world have offered iron ore swaps clearing.

The CME group, SGX (Singapore Exchange), London Clearing House (LCH.Clearnet), NOS Group and ICEX (Indian Commodities Exchange) all offer cleared swaps based on The Steel Index's (TSI) iron ore transaction data. The CME also offers a Platts based swap, in addition to their TSI swap clearing. The ICE (Intercontinental Exchange) offers a Platts based swap clearing service also. The swaps market has grown quickly, with liquidity clustering around TSI's pricing. By April 2011, over US$5.5 billion dollars worth of iron ore swaps have been cleared basis TSI prices.

Singapore Mercantile Exchange (SMX) has launched the world first global iron ore futures contract, based on the Metal Bulletin Iron Ore Index (MBIOI) which utilizes daily price data from a broad spectrum of industry participants and independent Chinese steel consultancy and data provider Shanghai Steelhome's widespread contact base of steel producers and iron ore traders across China. The futures contract has seen monthly volumes over 1.5 million tonnes after eight months of trading. The vast majority of liquidity in iron ore derivatives is based on the two Singapore exchanges; SGX and SMX.

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