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Global production of iron ore is estimated to have been 2.4 billion tonnes in 2020, only slightly lower than the 2.5 million tonnes produced in 2019. Australia is the leading global producer of iron ore, accounting for 38% of the total production. The top three iron ore-producing countries accounted for 69% of global production.
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Iron ore smelter International sales of iron ore exported from all countries totaled US$217.6 billion in 2021, increasing by 132.9% since 2017 when iron ore shipments were valued at $93.4 billion. From 2020 to 2021, overall iron ore exports accelerated by 54.7%. The 5 top exporters of iron ore are Australia. Brazil, South Africa, Canada and Ukraine.
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Apr 06, 2022· The CME offers two 62% iron content contracts and a third contract based on ore with 58% iron and low alumina. Each contract settles into 500 dry metric tons of iron ore. The contracts trade globally on the CME Globex electronic trading platform and have a variety of expiration months. The ICE offers four contracts based on 62% iron content.
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40 · Country Usable iron ore production (1000 tonnes) Year World: 2,500,000: 2019 1: Australia: 930,000: 2019 2: Brazil: 480,000: 2019 3: China: 350,000: 2019 4: India: 210,000: 2019 5: Russia: 99,000: 2019 6: South Africa: 77,000: 2019 7: Ukraine: …
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May 24, 2021· The world's top five largest iron ore producing countries in 2020. 1. Australia – 900 million tonnes. Australia ranks first among the world's largest iron ore producing countries, with output totalling 900 million tonnes in 2020 – around 37.5% of total world production. The country is also home to the world's largest crude iron ore ...
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Jan 18, 2020 This is a list of countries World Top 10 Iron Ore Country pizzeriarugantino,top 10 iron producing countries in the world top 10 iron producing countries in the world business by hina khan march 19, 2018 iron is one of the most common metal and one of the widely used all around the world iron is considered to be …
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^ Data in the article is as of 2019, since iron ore production in many countries declined during the COVID-19 pandemic and hasn't fully recovered to pre-pandemic levels. References ^ "Mineral Commodity Summaries 2020" (PDF). U.S. Geological Survey. Retrieved .
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