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Australia's iron ore production gains momentum, to reach 1,050.8Mt by 2025

  • Australia is the world’s largest iron ore producer, with 917.3Mt in 2020, down by a marginal 0.2% over the previous year due to the operational disruption caused by tropical cyclones Blake and Damien during the first quarter of 2020

  • Rio Tinto, the largest iron ore producer in the country, revised its production guidance for 2020 from 330–343Mt to 324–334Mt due to the substantial damage caused by the cyclone to its rail, road, and mining infrastructure

  • The country’s iron ore production is expected to grow at a CAGR of 3.2% over the forecast period, to reach 1,050.8Mt in 2025; this will be supported by the commencement of various iron ore projects

Australia's iron ore production gains momentum, to reach 1,050.8Mt by 2025

Published: October 2021
Source: GlobalData



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