Iron Ore Shipments From Major Australian Port Hit October Record

Iron ore shipments from a major Australian export terminal rose to a record high for October, as Chinese demand proved resilient despite economic headwinds.

Exports from Port Hedland in Western Australia reached 49.5 million tons last month, up nearly 8% from October 2024, according to Pilbara Ports Authority data and Bloomberg calculations. That’s the most in the 10th month of the year in data going back to 2010.