Australia Iron Ore Mining Market by Reserves and Production, Assets and Projects, Fiscal Regime including Taxes and Royalties, Key Players and Forecast, 2021-2026
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Australia Iron Ore Mining Market Report Overview
Australia’s iron ore mining market size was 922.2 million tonnes (Mt) in 2021, making it the world’s largest iron ore producer. This was majorly due to the operational improvement from the mines in Pilbara region in Western Australia. The production is estimated to grow at a CAGR of more than 3% during 2021-2026 due to the commencement of new projects and the expansion of existing iron ore mines.
The Australia iron ore mining market research report contains an overview of the Australian iron ore mining industry including key demand driving factors affecting the Australian iron ore mining industry. It provides detailed information on reserves, reserves by country, production, competitive landscape, major operating mines, major exploration, and development projects.
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Australia Iron Ore Mining Market: Key Drivers
Australia’s iron ore industry relies highly on demand from its export partners, predominantly Asian countries such as China, India, Japan, and South Korea. China’s construction industry is the largest iron ore-consuming industry due to increased infrastructure spending across sectors including transport, health and education, energy, and manufacturing. Additionally, the demand from the automotive industry is driving the iron ore mining market in Australia. Steel dominates the average vehicle composition, followed by aluminum and plastic/polymers. The rising demand for new energy vehicles (NEV) is driving the automotive industry, positively impacting the iron ore mining industry.
Australia Iron Ore Mining Market Segmentation by Key Active Mines
Some of the key active mines in Australia’s iron ore mining market are Sino Iron Ore Mine, Mount Whaleback Mine, Karara Magnetite Project, Christmas Creek Mine, Area C Mine, Mesa J Mine, Jimblebar Hub, Cloudbreak Mine, Kings Valley Mine, and Yandicoogina Mine. Sino Iron Ore Mine is the largest active iron ore mine in Australia.
Australia Iron Ore Mining Market Analysis by Active Mines
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Australia Iron Ore Mining Market Segmentation by End-Use
Iron ore is a key material in the manufacturing of steel, which is used across various end-use markets, including buildings and infrastructure, mechanical equipment, automotive industry, metal products and others. Building and infrastructure accounted for the largest global iron ore consumption in 2021, followed by automotive, and mechanical equipment.
Australia Iron Ore Mining Market Analysis, by End-Use
For more insights on key iron ore end use industries in Australia, download a free report sample
Competitive Landscape
Some of the leading players in the Australian iron ore mining market in terms of production are Rio Tinto, BHP, Fortescue Metals Group, and Mineral Resources Ltd.
Australia Iron Ore Mining Market Analysis, by Leading Players
For more insights on leading companies in the Australian iron ore mining market, download a free report sample
Australia Iron Ore Mining Market Overview
Market Size (2021) | 922.2Mt |
CAGR (2021 – 2026) | >3% |
Key Active Mines | Sino Iron Ore Mine, Mount Whaleback Mine, Karara Magnetite Project, Christmas Creek Mine, Area C Mine, Mesa J Mine, Jimblebar Hub, Cloudbreak Mine, Kings Valley Mine, and Yandicoogina Mine |
End-Use Industries | Buildings And Infrastructure, Mechanical Equipment, Automotive Industry, Metal Products and Others |
Leading Players | Rio Tinto, BHP, Fortescue Metals Group, and Mineral Resources Ltd |
Reasons to Buy
- Comprehensive evaluation of the impact of COVID-19 on Australian iron ore industry
- To gain an understanding of the Australian Iron ore mining industry, relevant driving factors
- To understand historical and forecast trend on Australian Iron ore production
- To identify key players in the Australian Iron ore mining industry
- To identify major active, exploration and development projects in Australia
Table of Contents
Frequently asked questions
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What was the Australia iron ore mining market size in 2021?
The Australian iron ore mining market size in 2021 was 922.2Mt.
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What is the Australia iron ore mining market growth rate during 2021 - 2026?
The iron ore mining market in Australia is expected to grow at a CAGR of more than 3% during the forecast period.
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Which are the key active mines in the Australia iron ore mining market?
The key active mines in the Australian iron ore mining market are Sino Iron Ore Mine, Mount Whaleback Mine, Karara Magnetite Project, Christmas Creek Mine, Area C Mine, Mesa J Mine, Jimblebar Hub, Cloudbreak Mine, Kings Valley Mine, and Yandicoogina Mine.
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Which are the key end-use markets in the Australia iron ore mining market?
Buildings and infrastructure, mechanical equipment, automotive industry, metal products and others are the key end-use markets of iron ore in Australia.
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Which are the leading players in the Australia iron ore mining market?
Some of the leading players in the Australian iron ore mining market in terms of production are Rio Tinto, BHP, Fortescue Metals Group, and Mineral Resources Ltd.
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