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The following is a list of countries by iron ore exports. Data is for 2012, 2016 & 2023, in millions of United States dollars, as reported by The Observatory of Economic Complexity and the International Trade Centre. Currently the top twenty countries (as of 2023) are listed. * indicates "Natural resources of COUNTRY or TERRITORY" links.
The prices of iron ore rose sharply from around $10 per tonne in 2003 to around $170 in April 2009 (transported to China). After that (written September 2013) the price was between $100 and $150; [ 100 ] in September 2014 it started dropping precipitously, and was below $70 per ton in December 2014.
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The state-of-the-art works had eight blast furnaces and was capable of a full production cycle, with the first pig iron cast in 1872. During the 1870s, collieries and iron ore mines were sunk, and brickworks and other facilities were established to make the isolated works a self-sufficient industrial complex.
This is a list of countries by iron ore production based on U.S. Geological Survey data. [a] List. Rank Country Usable iron ore production (× 1000 tonnes) Year
According to the 2019 International Energy Agency (IEA) report, the iron and steel industry directly contributed 2.6 Gt to global CO 2 emissions and accounted for 7% of global energy demand. [1] Singapore is the world's main trading hub for iron, [ 2 ] with about 90% of the world's iron ore derivatives traded on their stock exchange.
The state has the world's largest reserves of iron ore with 29% of the world's iron ore, followed by Brazil with 19%, Russia with 15% and China with 12%. [2] [5] [3] In 2020–21 the Western Australian Government received A$9.8 billion in royalties from the iron ore mining industry in the state.