Global Iron Ore Mining to 2021 - Demand from Asian Countries, Specially India, to Encourage Global Supply
In 2016, global iron ore production reached an estimated 2.1 bnt, up by 4% over 2015, mainly because of an increase in production from Rio Tinto Plc’s Australian division. Production from Vale SA’s Serra Norte Mining Complex in Brazil also increased by 12.5% during the same period. Additionally, the Indian government’s decision to revoke 10% of its exports tax brought a sense of relief for the country’s iron ore mining industry, which subsequently led to a 12.2% rise in the nation’s overall output, adding significant value to global iron ore production.
Australia was the largest producer of iron ore in 2016, accounting for 40.7% of the global share. This was followed by Brazil, India (7.7%), China (6.8%), and Russia.
Key highlights include in this report -
Globally, 2.1 billion tonnes (bnt) of iron ore was produced in 2016, an increase of 4% compared to the previous year.
Australia, Brazil, India, China, and Russia were the world’s five largest producers of iron ore, collectively accounting for 80.7% of global iron ore production.
Global production is expected to post a forecast period (2017-2021) compound annual growth rate (CAGR) of 2.2%. This will be supported by an expected increase in production from Asian countries.
Global iron ore consumption was 1.9 bnt in 2016, supported by increases in crude steel production. China, Japan, India, Russia, and South Korea were the top five iron ore consuming countries, accounting for 92% of global consumption during 2016.
In 2016, Australia, Brazil, South Africa, Canada, and the Ukraine were the top five exporters of iron ore. China, Japan, South Korea, Germany, and the Netherlands are the top five importers of iron ore.
Vale SA, Rio Tinto Plc, Anglo American plc, BHP Billiton Ltd, and Fortescue Metals Group Ltd are the major iron ore mining companies globally.
The report Global Iron Ore Mining to 2021 - Demand from Asian Countries, Specially India, to Encourage Global Supply, covers comprehensive information on global iron ore mining industry, global iron ore reserves by country, the historical and forecast data on global iron ore production and production by country. The report also includes the historical and forecast data on iron ore consumption; major exporters and importers. The report also includes, factors affecting the demand for iron ore, profile of major iron ore producing companies in the world and region-wise data on the active, exploration and development iron ore projects.
Summary of the global iron ore mining industry across various parameters - reserves, production, consumption, trade, competitive landscape and the future potential.
Global iron ore reserves by country.
Iron ore production and consumption numbers from 2000-2016 and forecast for next five years to 2021.
Comprehensive information of major operating iron ore mines in Asia-Pacific (APAC), Europe, Oceania, Middle East and Africa (MEA), South and Central America (SCA), North America (NA) and Former Soviet Union (FSU)
Comprehensive information of major exploration iron ore projects in APAC, Europe, FSU, MEA, NA, Oceania, and SCA.
Comprehensive information of major development iron ore projects in APAC, Europe, FSU, MEA, NA, Oceania, and SCA.
Factors affecting the demand for iron ore
Reasons to buy
Gain an understanding of the global iron ore mining industry.
Facilitate decision-making based on strong historic and forecast data
Obtain the region-wise most up to date information for active, exploration and development iron ore projects.
Identify various factors affecting the iron ore demand.
Identify key operating companies’ and obtain the business structure, strategy and prospects.