In this article, we will look at the 5 largest iron ore-producing countries in the world. If you wish to see more, head straight to the 16 Largest Iron-Ore-Producing Countries in the World.
5. Russia
Total Number Of Iron Ore Produced: 100 million ton
Russia holds a prominent position as one of the world’s leading producers of iron ore. Its iron ore deposits are spread across several regions, with the Kursk Magnetic Anomaly (KMA) in central Russia standing out as one of the largest iron ore basins globally. In 2021, Russia solidified its status as the eighth-largest exporter of iron ore, with exports valued at $3.84 billion. The iron ore industry in Russia plays a vital role in the country’s economy, fostering employment opportunities and contributing to regional development.
4. India
Total Number Of Iron Ore Production: 240 million ton
India’s iron ore industry significantly boosts employment and local economies. NMDC, the country’s largest iron ore miner, achieved a milestone production of 40 million million tons in 2021, with the company targeting 50 million MT by 2023 and 100 million MT by 2030. India ranks seventh in iron ore exports, valued at $4.3 billion in 2021. The Indian government emphasizes domestic processing, reducing raw ore exports, and promoting local beneficiation.
3. China
Total Number Of Iron Ore Production: 360 million tons
China relies primarily on domestic production but imports iron ore due to rising demand and limited domestic resources. The provinces of Liaoning, Hebei, Shanxi, and Shandong hold rich iron ore deposits that serve as the primary source for China’s production. China’s iron ore exports reached $2.38 billion in 2021, positioning it as a significant global exporter. With immense production capacity and reliance on domestic resources, the country plays a vital role in the worldwide iron ore market.
2. Brazil
Total Number Of Iron Ore Production: 380 million tons
Brazil, the second-largest iron ore producer globally, holds a substantial 19% share of global production. The Carajás Mine, operated by Vale in Pará state, stands among the world’s largest iron ore mines, boasting vast high-grade ore reserves. With China as the primary importer, Brazil predominantly exports its iron ore. In 2021, Brazil’s iron ore exports amounted to $46.2 billion, positioning the country as the second-largest exporter of iron ore worldwide.
1. Australia
Total Number Of Iron Ore Production: 900 million tons
Australia dominates the global iron ore industry as the largest producer and exporter. The Pilbara region in Western Australia, rich in high-quality ore, is the primary mining hub. The country’s iron ore exports reached $118 billion in 2021, fueling its economy and supporting infrastructure. With advanced technology and sustainable practices, Australia excels in cost-effective and environmentally responsible extraction.
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