- The iron ore price was USD5.00/T at 4.17 PM AEST today (July 13).
- The shares of iron ore mining company Hawsons Iron closed in red today.
The Covid-19 crisis in China is still impacting global business and the demand for raw materials is still low.
The commodities prices have affected the metals equities, particularly the iron ore businesses and ASX 200 mining shares have been particularly volatile recently.
The iron ore price was USD5.00/T at 4.17 PM AEST today, down 4.44%.
Meanwhile, ASX 200 Materials Index closed at 14,571.60 points, down 0.55% today (13 July 2022). The overall ASX market was 0.23% up and it closed at 6,621.60 points.
On this note, let us take a look YTD performances of the some ASX-listed iron ore mining companies, including Champion Iron Limited, Red Hill Iron Limited and Hawsons Iron Ltd.
Champion Iron Limited
Australia-based exploration and development company Champion Iron (ASX:CIA) owns the Bloom Lake Mining Complex, located on the south end of the Labrador Trough.
On 5 July 2022, the company announced that it had appointed Donald Tremblay as company's chief financial officer (CFO). His appointment will be effective from 12 September 2022.
Champion's shares closed trading at AU$ 4.75 each, up 1.93% on ASX today (13 July 2022), However, the company's shares have fallen over 12% on a YTD basis.
Champion Iron has a current market capitalisation of AU$2.40 billion.
Red Hill Iron Limited
Australian firm Red Hill Iron's (ASX:RHI) main activities include iron ore, gold, and base metal exploration.
The company's main priorities are expanding its channel iron deposits (CID) and rock quarrying potential in Western Australia's Pilbara region. The Red Hill Iron Ore Joint Venture is its main asset (RHIOJV). The Pannawonica channel iron project (CID), located directly to the north of the RHIOJV tenements, is wholly owned by the company.
Red Hill shares price ended flat at AU$3.36 apiece on ASX today. The company's shares have jumped around 3% YTD. Red Hill's current market capitalisation stands at AU$214.46 million.
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Hawsons Iron Ltd
Hawsons Iron (ASX:HIO) is concentrating on making its flagship Hawsons Iron project, located close to Broken Hill, New South Wales, a premier supplier of iron ore products to the world's steel industry.
On 8 July 2022, Hawsons appointed Andre du Preez as project director to lead the Hawsons Iron Project Team.
Shares of Hawsons last exchanged hands at AU$0.44 each, down 3.33% on ASX. The company's shares have jumped around 190% on a YTD basis, and its market capitalisation reached AU$322.22 million today (13 July 2022).