Iron ore prices stayed above $101/t in Nov. 2025 due to strong demand and supply concerns, while gold exploration in Australia and Guyana yielded promising results.

Iron ore prices held above $101 per tonne in November 2025, defying expectations of a drop below $100, driven by strong demand, supply concerns, and anticipation around Rio Tinto’s Simandou shipments. Meanwhile, gold exploration in Australia and Guyana showed promising results, with high-grade discoveries at sites like Eaglehawk, Blue Dick Trend, and Turnberry, boosting regional interest. Lundin Gold reported record earnings and shifted focus to tungsten at Mt Mulgine, while MP Materials faced a larger quarterly loss after halting rare earth sales to China. Altair Minerals secured $13 million in funding for gold exploration in Guyana, reflecting growing investment in underexplored mineral-rich areas.