Iron Ore Mining Market by Reserves and Production, Assets and Projects, Demand Drivers, Key Players and Forecast, 2021-2026
Summary
GlobalData's “Global Iron Ore Mining to 2025 - Impact of COVID-19 provides a comprehensive coverage on global iron ore mining industry. It provides historical and forecast data on iron ore production by country, by company, reserves by country. The report includes an extensive demand drivers section providing information on factors that are affecting the global iron ore industry. Further, the section includes demand from end use industry including construction and automobile. The trade section briefs about major exporters and importers. It further profiles of major iron ore producers, information on the major active, planned and exploration projects by region.
After a strong recovery in 2021, mainly as industries started to restore activities post pandemic alongside benefiting from the sharp rise in prices throughout 2020 and 2021, global iron ore production is expected to decrease by 2% to 2.4 billion tonnes (Bnt) in 2022. This will be mainly due to the reductions from China, Russia and Ukraine, whose collective output is expected to decline from 458.9Mt in 2021 to 382.8Mt in 2022 - a 16.6% fall. This will be marginally offset by increases in production from Australia, Brazil, India and Canada. The total output from these countries will increase by 1.4% to 1,675Mt in 2022.
Scope
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook