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Trends and Insights

21 Nov 2023

Australia, Brazil Lead as World's Top Iron Ore Producers

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Iron ore, mainly used to manufacture steel, made up about 93% of the 2.7 billion tonnes of metals mined globally in 2021. Although iron ore is mined in over 50 countries, seven of them combined represent 82% of the global production. Australia and Brazil, with 900MT and 380MT respectively, lead these countries. [Source](