Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Empower your strategies with our Global Iron Ore Mining to 2026 report and make more profitable business decisions.

Iron Ore Mining Market Report Overview

The iron ore production was 2,398.3Mt in 2023 with Brazil, China, Russia, India, and Australia being the key contributors. The iron ore production is expected to grow marginally at a CAGR of more than 1% over the forecast period.

Iron Ore Mining Market Outlook, 2023 – 2030 (Mt)

Iron Ore Mining Market Outlook, 2023 – 2030 (Mt)

Buy the Full Report for More Insights into the Global Iron Ore Market Forecast, Download A Free Report Sample

The iron ore mining market research report provides detailed historical and forecast period data on the global iron ore industry. It provides a complete view of the iron ore reserves globally, with a breakdown of key iron ore mining countries and the prevailing iron ore prices in those countries. It also analyzes the competitive business landscape, highlighting company profiles of a few of the major market participants. Furthermore, the report sheds light on the major active mines, as well as upcoming development and exploration projects by region.

Forecast Period 2023-2030
Historical Period 2011-2022
Key Countries ·        Australia

·        Brazil

·        Russia

·        China

·        Ukraine

·        Canada

·        India

Active Mines ·        Serra Norte Mining Complex

·        Carajas Serra Sul S11D Project

·        Mt Newman Joint Venture

·        Area C Mine

·        Jimblebar Hub

·        Yandicoogina Mine

Development Projects ·        Simandou Project (Block 3 And 4)

·        Onslow Project

·        Western Range Mine

·        Mulga Downs Mine

·        Capanema Iron Mine

Exploration Projects ·        Rhodes Ridge Project

·        Lac Ritchie Project

·        Jimmawurrada Mine

·        Howells River North Property

·        Crest Iron Ore Project

·        Sheps Lake Property

Leading Companies ·        Vale SA

·        Rio Tinto

·        BHP

·        Fortescue Metals Group Ltd (FMG)

·        Anglo American plc

·        NMDC Ltd

·        Mitsui & Co Ltd

·        Companhia Siderurgica Nacional (CSN)

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Iron Ore Mining Market Segmentation by Country

According to the U.S. Geological Survey (USGS), global crude ore reserves were 180 billion tonnes (Bt) as of January 2023. The majority of these are in Australia, accounting for more than 28% of the global total, followed by Brazil, Russia, and China.

Iron Ore Mining Market Analysis by Countries, 2023 (%)

Iron Ore Mining Market Analysis by Countries, 2023 (%)

Buy the Full Report for More Country Insights into The Iron Ore Mining Market, Download a Free Report Sample

Iron Ore Mining Market - Active Mines

A few of the major active iron ore mines are Serra Norte Mining Complex, Carajas Serra Sul S11D Project, Mt Newman Joint Venture, Area C Mine, Jimblebar Hub, and Yandicoogina Mine among others. Brazil’s Carajas Serra Sul S11D is the world’s largest operating iron ore mine in terms of total ore reserves.

Iron Ore Mining Market Analysis by Active Mine, 2022 (%)

Iron Ore Mining Market Analysis by Active Mine, 2022 (%)

Buy the Full Report for More Insights on Active Mines in the Iron Ore Mining Market, Download a Free Report Sample

Iron Ore Mining Market - Development Projects

A few of the major iron ore mining projects that are in the development phase include Simandou Project (Block 3 And 4), Onslow Project, Western Range Mine, Mulga Downs Mine, and Capanema Iron Mine among others.

Simandou Project (Block 3 and 4): The project is majority-owned by Winning International Group along with a 15% interest from the Government of Guinea. The project is scheduled to commence operations by the end of 2024. It has an annual saleable iron ore production capacity of 40Mt of iron ore and is set to commence operations in Q1 2025.

Buy the Full Report for More Insights on Development Projects in The Iron Ore Mining Market, Download a Free Report Sample

Iron Ore Mining Market - Exploration Projects

A few of the major iron ore exploration projects are Rhodes Ridge Project, Lac Ritchie Project, Jimmawurrada Mine, Howells River North Property, Crest Iron Ore Project, Sheps Lake Property among others. Australia’s Rhodes Ridge Project has 5,800 Mt of iron ore reserves. The mine was commissioned for operations in 2021.

Iron Ore Mining Market Analysis by Exploration Projects

Iron Ore Mining Market Analysis by Exploration Projects

Buy Full Report for More Insights on Exploration Projects in The Iron Ore Mining Market, Download a Free Report Sample

Iron Ore Mining Market - Competitive Landscape

Vale SA, Rio Tinto, BHP, Fortescue Metals Group Ltd (FMG), Anglo American plc, NMDC Ltd, Mitsui & Co Ltd, Companhia Siderurgica Nacional (CSN), ArcelorMittal SA and Mineral Resources Ltd are the top 10 iron ore-producing companies in the world. Brazil-based, metal and mining company, Vale SA is the largest iron ore producer in the world.

Leading Iron Ore Mining Companies, 2022 (%)

Leading Iron Ore Mining Companies, 2022 (%)

Buy the Full Report for More Insights on Companies in The Iron Ore Mining Market, Download a Free Report Sample

Segments Covered in the Report

 Iron Ore Mining Market Countries Outlook (Value, 2011-2030)

  • Australia
  • Brazil
  • Russia
  • China
  • Ukraine
  • Canada
  • India

Scope

  • Reserves and Production Data: Access detailed information on reserves, reserves by country, production figures, production by country, and production by company.
  • Key Players: Learn about the major players in the industry like Vale SA, Rio Tinto, BHP, Fortescue Metals Group Ltd (FMG), Anglo American plc, NMDC Ltd, Mitsui & Co Ltd, Companhia Siderurgica Nacional (CSN), ArcelorMittal SA, Mineral Resources Ltd.
  • Country Insights: Discover leading iron ore-producing countries such as Australia, Brazil, Russia, China, Ukraine, Canada, and India.
  • Project landscape: Gain insights into iron ore explorational and developmental projects, as well as active mines.

Reasons to Buy

  • Understand market trends: Gain a comprehensive understanding of iron ore mining by exploring country-wise market dynamics, identifying key assets, and assessing the competitive landscape.
  • Strategic market analysis: Navigate the industry with ease by exploring historical and forecast trends to anticipate market shifts and make forward-looking decisions.
  • Forge valuable partnerships: Identify key players in the iron ore mining market and access exclusive information on key stakeholders such as iron ore producers, government entities, suppliers, and more.
  • Uncover major projects: Dive into a detailed overview of major active, explorational, and developmental mining projects across various regions.

Vale SA
Rio Tinto
BHP
Fortescue Metals Group Ltd (FMG)
Anglo American plc
NMDC Ltd
Mitsui & Co Ltd
Companhia Siderurgica Nacional (CSN)
ArcelorMittal SA
Mineral Resources Ltd

Table of Contents

Overview

Crude Ore Reserves

Iron Ore Production

Iron Ore Prices

Major Active Mines

Major Development Projects

Major Exploration Projects

Competitive Landscape

Demand and Trade

Appendix

Table

Table 1: Active mines in Australia by total reserves (million tonnes), 2022

Table 2: Active mines in Brazil by total reserves (million tonnes), 2022

Table 3: Active mines in Russia by total reserves (million tonnes), 2022

Table 4: Global iron ore production (million tonnes), 2006–2026

Table 5: Iron ore production by country (million tonnes), 2016–2026

Table 6: Iron ore production in Australia (million tonnes), 2006–2026

Table 7: Iron ore production by company (million tonnes), 2020-2021

Table 8: Global iron ore prices, quarterly ($/tonne), 2015– 2022

Table 9: Active Mines in APAC, 2022

Table 10: Active Mines in Europe, 2022

Table 11: Active Mines in Former Soviet Union, 2022

Table 12: Active Mines in Middle East and Africa, 2022

Table 13: Active Mines in North America, 2022

Table 14: Active Mines in Oceania, 2022

Table 15: Active Mines in South and Central America, 2022

Table 16: Development projects in APAC, 2022

Table 17: Development projects in Europe, 2022

Table 18: Development projects in Former Soviet Union, 2022

Table 19: Development projects in Middle East and Africa, 2022

Table 20: Development projects in North America, 2022

Table 21: Development projects in Oceania, 2022

Table 22: Development projects in South and Central America, 2022

Table 23: Exploration projects in APAC, 2022

Table 24: Exploration projects in Europe, 2022

Table 25: Exploration projects in Former Soviet Union, 2022

Table 26: Exploration projects in Middle East and Africa, 2022

Table 27: Exploration projects in North America, 2022

Table 28: Exploration projects in Oceania, 2022

Table 29: Exploration projects in South and Central America, 2022

Table 30: Global iron ore consumption by country (Million tonnes), 2016–2026

Table 31: Vale SA, major projects, 2022

Table 32: Rio Tinto, major projects, 2022

Table 33: BHP, major projects, 2022

Table 34: Fortescue Metals Group, major projects, 2022

Table 35: Anglo American Plc, major projects, 2022

Figures

Figure 1: Crude ore reserves by country (billion tonnes), 2018–2022

Figure 2: Iron content by country (billion tonnes), 2018–2022

Figure 3: Share of Iron Ore Reserves by Country (%), January 2022

Figure 4: Global iron ore production (million tonnes), 2006–2026

Figure 5: Iron ore production growth by country (%), 2022 vs 2021

Figure 6: Iron ore production by country (million tonnes), 2016–2026

Figure 7: Iron ore production in Australia (million tonnes), 2006–2026

Figure 8: Iron ore production by company (%), 2021 vs 2020

Figure 9: Global iron ore prices, quarterly ($/tonne), 2015– 2022

Figure 10: Global iron ore consumption by end use (%), 2022

Figure 11: Global iron ore consumption (million tonnes), 2016–2026

Figure 12: Construction output value ($ billion), 2016–2026

Figure 13: Global iron ore trade by country (%), 2021

Frequently asked questions

Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 thematic reports
Currency USD
$2,495

Can be used by individual purchaser only

$7,485

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 in real time.

  • Access a live Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.