Founded in 2012 by global industry leaders from the mining, steel manufacturing and physical commodities trading sectors – including Baosteel, BHP, China Minmetals, Glencore, Rio Tinto, Vale and Valin Steel – globalORE is the leading B2B e-commerce solution for physical iron ore trading and price discovery.
Our aim is to be the missing piece of the puzzle through which the real economy comes together to play it’s part in improving confidence in the accuracy and integrity of transaction data underpinning robust physically representative journalistic commodity price benchmarks.
Built by industry for industry, all prices quoted via our physical marketplace:
∞ represent ‘firm’ tradable real-time bids and offers;
∞ for internationally recognized physical raw materials brands, qualities and origins;
∞ which are final and binding from the moment executed on-screen;
∞ reflecting actual transactions entered into and prices paid by industrial raw material buyers and sellers in the real economy.
A trusted, neutral, collaboratively-mined social enterprise, our attitude towards transparency and liquidity is guided by a desire to improve physical market efficiency and confidence (rather than need to put money back into owners’ pockets).
Headquartered in Singapore, our data underpins some of today’s most widely referenced north Asian physical commodity price benchmarks.