It added that it expected 2021 C1 iron ore extraction costs, which typically include only direct costs such as labor, to come to $19 per tonne.

“We expect iron ore prices to find a floor around current levels,” ANZ Research wrote in a note.

Crude oil futures continue to rise as US EIA report suggests SPR release not required

Fitch Solutions lowers short-term iron-ore price forecast

Coal prices will likely fall steadily in the future, with improving coal supplies and increasing storage at power plants and ports, the NDRC said.

The clean energy sector has been expanding in the third quarter.

The administration will keep a close look at domestic coal production while ensuring stable coal supplies and prices this heating season, it said during a release on Monday.

Fortescue unveils green investment framework