PUBLISHER: GlobalData | PRODUCT CODE: 1890412
PUBLISHER: GlobalData | PRODUCT CODE: 1890412
GlobalData's "Global Iron ore Mining to 2035" provides a comprehensive coverage on the global iron ore mining industry. It provides historical and forecast data on iron ore production, production by country, reserves by country, and world iron ore prices. The report also includes a demand drivers section providing information on factors that are affecting the country's iron ore industry such as demand from end-use sectors including steel, construction, and automotive industries. It further profiles major iron ore producers, and information on the major active, planned, and exploration projects.
Global iron ore output is projected to increase by 1.9% in 2025 to reach 2,612.7 million tonnes (Mt), up from 2,564.4Mt in 2024. The modest growth reflects the expected softening of production in China driven by weakening domestic steel demand and a prolonged slowdown in construction and infrastructure activity. However, this shortfall will be largely offset by a rise in production from India, Australia, Brazil, and Liberia, among others.
Global iron ore production is expected to grow steadily at a compound annual growth rate (CAGR) of 2.1% over the forecast period to reach 3,206.2Mt in 2035.