Iron Ore Mining Market Analysis by Reserves, Production, Assets, Demand Drivers and Forecast to 2030
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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)
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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) |
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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 (%)
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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 (%)
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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.
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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
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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 (%)
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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.
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
Table
Figures
Frequently asked questions
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Which country was the largest contributor to the iron ore mining market in 2023?
Australia was the largest contributor to iron ore production in 2023 accounting for more than 28% of the global total.
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Which are the key active iron ore mines in the market?
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.
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Which are the major development projects in the iron ore mining market?
A few of the major iron ore development projects are the Simandou Project (Block 3 And 4), Onslow Project, Western Range Mine, Mulga Downs Mine, and Capanema Iron Mine among others.
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Which are the major exploration projects in the iron ore mining market?
A few of the major exploration projects are the Rhodes Ridge Project, Lac Ritchie Project, Jimmawurrada Mine, Howells River North Property, Crest Iron Ore Project, and Sheps Lake Property among others.
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Which are the leading companies in the Iron Ore mining market?
A few of the leading iron ore producing companies are 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.
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