3,000
million metric tons
Global Production
C – Mineral Commodity Summaries 2024
+3.4%
YOY % Change
Provenance
Major deposits in Australia, Brazil, China, and throughout South and West Africa. Australia’s Pilbara region and Brazil’s Carajás Mine are among the largest sources globally.
Impact
The mining and export of iron ore have been critical to the economies of Australia and Brazil, driving infrastructure development and contributing to these countries’ GDPs. The demand for steel, particularly from China, has kept these industries thriving.