Iron-Ore 2021: Tight supply, surging demand
Iron-ore miners faced a tough 2020, as the Covid-19 pandemic spread worldwide, negatively impacting on the supply of and demand for iron-ore. Nevertheless, the iron-ore miners, along with the broader mining industry, have largely returned to normal operations and production.
The iron-ore sector is also benefiting from high prices, allowing for a continuation in investment in expansion projects or new mines, particularly among miners based in Australia. In some regions, the prices are also driving an increased interest in exploration for iron-ore reserves.
On the downside, the world is increasingly considering ways of decarbonising their economies and creating more environment-friendly and sustainable industries, with various steelmaking companies assessing potential projects to produce greener steel, which will require less iron-ore.
Creamer Media’s Iron-Ore 2021 Report provides an overview of the global iron-ore market, with particular emphasis on supply and demand, as well as trade and pricing. It also provides information on South Africa’s iron-ore market, its major producers and iron-ore export infrastructure, as well as an overview of the major global iron-ore producing companies and other significant producers.
This report draws from material published over the past 12 months and is a summary of sources of information published in Engineering News and Mining Weekly, as well as of information available in the public domain.
This report does not purport to provide an analysis of market trends.
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