MINERAL COMMODITY PRICE VOLATILITY: IRON ORE
Abstract
The present article analyzes the volatility of mineral commodity prices, focusing on iron ore, and investigates how China's influence on the global market affects this volatility. The research was conducted through a comprehensive literature review and a survey with employees of large iron ore companies. The survey aimed to identify professionals' perceptions of price fluctuations, and the strategies adopted by their companies to manage the challenges arising from this volatility. The results indicate significant awareness among employees regarding price variations and reveal diverse risk management practices within the companies, such as the use of futures contracts and hedging strategies. It was concluded that price volatility remains a critical challenge for the industry, intensified by the dynamics of Chinese demand.
Keywords: Commodities, Iron ore, Economics, Volatility.
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