Production of Iron ore in United States of America reached 37Million Tonnes in 2020
Production declined by a CAGR of 8.25% between 2017 to 2020,and is expected to grow by...
GlobalData projects the production to decline at a CAGR of...
Global Iron ore Production
Global iron production decline in 2020. South Africa, India and Brazil were the major contributors to this fall. The falls across these countries were due to a range of factors including COVID-19 impact, poor weather conditions, tailing dam restrictions and delays in the start of new mines. Of the total global iron ore production in 2020, Australia held most of the share in 2020, followed by Brazil, India and China.
Rio Tinto, Vale SA, BHP, Fortescue Metals Group (FMG) and Anglo American Plc are the world’s five largest iron ore producers.
Global iron ore production declined in 2020 compared to 2019. This was partly due to the impact of the COVID-19 pandemic, which led to the implementation of nationwide lockdowns and the temporary closures of iron ore mines across major producing countries. Bad weather conditions, tailing dam restrictions, and delays in the start of new mines were also key factors that hampered global production. On a country basis, the two largest iron ore producers Australia and Brazil.
Global Iron ore producers
Rio Tinto, Vale SA, BHP, Fortescue Metals Group (FMG) and Anglo American Plc are the world’s top iron ore-producing companies.
Rio Tinto is an international metals and mining company that carries out the mining, exploration and processing of various mineral resources. It supplies a range of minerals and metals, including aluminium, diamonds, uranium, copper, gold and iron ore. It operates port and rail facilities, smelters, refineries, processing plants and shipping, commercial and research facilities. The company also carries out exploration, technology and innovation business through research centers. It has operations in Europe, Africa, Asia-Pacific, the Middle East and the Americas. Rio Tinto is headquartered in London, Greater London, the UK. In 2019, Rio Tinto took over Vale SA’s position as the world’s largest iron ore producer.
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