Policy and Legislation News
ICEYE and RS Metrics Enter Into Agreement to Provide Unmatched Global Iron Ore Stockpile Monitoring
06 November 2019
ICEYE, the global leader in small satellite synthetic-aperture radar (SAR) technology, today announced that it has signed a Memorandum of Understanding (MOU) with RS Metrics to jointly offer to the commodities market the world's first global SAR-based iron ore inventories dataset with up to daily updates. Access to the dataset will provide commodities traders and industry analysts further competitive advantages in predicting supply and demand, at higher update intervals, and with better accuracy.
ICEYE, who recently announced the commercial availability of its high resolution satellite imaging, is uniquely positioned for SAR remote sensing of iron ore stockpiles. With a growing amount of radar imaging satellites in the ICEYE constellation, there is now a completely new view into almost the entirety of the global iron ore supply chain.
Image credit: ICEYE - Iron ore stockpiles seen and measured from ICEYE high resolution SAR imaging, at the port of Port Hedland, Australia, ready for further analysis.