Malaysia Have Over 80 Small and Medium-Sized Low-Grade Iron Ore Mines, led by three large-scale enterprises: the blending and distribution center established by Brazil's Vale in Malaysia, along with two local mining companies, Fortress Minerals and Southern Alliance Mining (SAM).

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in the Liaodong Region Expected to Remain Volatile] Transactions in the domestic ore market in the Liaodong region showed no significant improvement. The continued strength of external markets has boosted local market sentiment, with producers demonstrating a clear inclination towards higher offers. However, traders generally maintain a cautious stance, showing limited enthusiasm in inquiries. The operating rate of local mines and concentrators has not seen a notable increase recently, and circulating resources in the market remain scarce.

[Domestic Iron Ore Brief: Iron Ore Concentrate Prices in West Liaoning Expected to Remain Volatile] Iron ore concentrate prices in west Liaoning remained relatively stable, with ex-factory prices for Fe66% iron ore concentrates on a wet basis, excluding tax, at 720-730 yuan/mt; Supply side, mines and concentrators have gradually resumed normal production, slightly easing the tight supply of local iron ore concentrates; Steel mills side, a leading local steel mill formulated its annual maintenance plan.

[Domestic Iron Ore Brief: Tangshan Region Iron Ore Concentrates Prices May Have Some Upside Potential] Iron ore concentrate prices in the Tangshan region edged up slightly, with the delivery-to-factory price for 66-grade dry-basis tax-included iron ore concentrates ranging from 1,000 to 1,010 yuan/mt. Local mining and processing operations gradually resumed production, while demand for low-grade products showed some improvement. However, the higher resource costs from Chengde flowing into the region supported the price hike mentality among low-grade producers in Zunhua. Overall, iron ore concentrate resources remained sluggish.

In 1960, the Australian federal government relaxed restrictions on iron ore exports, stimulating the development of exploration activities. In 1962, geologists from CRA discovered the Mount Tom Price iron ore deposit in the Pilbara region, after which Rio Tinto began constructing the Dampier port and the Mount Tom Price mine. In 1966, with the first shipment of iron ore transported from Mount Tom Price to Dampier port and exported to Japan, Rio Tinto's iron ore business embarked on a remarkable journey. Over the subsequent five decades, Rio Tinto's iron ore production in the Pilbara region grew from 1.4 million mt in 1966 to 329 million mt in 2024, with the 2025 production guidance ranging between 323 million and 338 million mt.