A common method to classify how much Fe the iron ore has is called the grade of ore. The major classifiions have magnetite (Fe ... , exchange rate may have influence on iron ore price since iron ore is usually settled by US dollar, when the producers and buyers observe the change of exchange rate, they may adjust the price to compensate the change. Therefore, to .
· The iron ore head grade for the threemonth period ended June 30, 2021 was %, compared to % for the same period in 2020. The decrease in head grade is attributable to the presence of some lowergrade ore being sourced and blended from different pits, when compared to the prior year, which was anticipated and is in line with the mining plan .