Commodities · Industrial metals
World Bank Commodity Price Data (The Pink Sheet): monthly averages of world benchmark prices in U.S. dollars.
Spot iron ore (62% Fe, delivered to China) from December 2008; before that, annual contract prices, so the early history moves in yearly steps.
| Year | Average | Year close |
|---|---|---|
| 1960 | $11.40 | $11.40 |
| 1961 | $11.00 | $11.00 |
| 1962 | $11.00 | $11.00 |
| 1963 | $11.00 | $11.00 |
| 1964 | $10.20 | $10.20 |
| 1965 | $10.63 | $10.20 |
| 1966 | $9.50 | $9.50 |
| 1967 | $8.90 | $8.90 |
| 1968 | $8.80 | $8.80 |
| 1969 | $9.80 | $9.80 |
| 1970 | $9.80 | $9.80 |
| 1971 | $10.30 | $10.30 |
Source: World Bank Commodity Price Data (The Pink Sheet): Iron ore, cfr spot. The World Bank, CC BY 4.0.
Gray bands mark U.S. recessions as dated by the NBER (FRED USREC).
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