20 Biggest Iron Ore Mining Companies in Australia, 2024 [Yahoo! Finance]
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Source: Yahoo! Finance
If you wish to skip our detailed discussion on Iron Ore mining industry, you can go directly to 5 Biggest Iron Ore Mining Companies in Australia, 2024 Market size for global iron ore sector reached $420.08 billion in 2023, and is going to hit $590.03 billion by 2028 – that's a whopping 7.1% yearly growth rate. Iron, 98 % of which is utilized for making steel, eventually contributes to construction industry, in the making of buildings, bridges and overall infrastructure. Interestingly, there's a construction boom in countries like India and China, which is playing a significant role in bolstering the iron ore market. Top of the chart is China, with Japan, India, and Korea following. Iron ore market comprises various types of iron ore like hematite, magnetite, limonite, and siderite, most significant of which is Hematite with an expected growth rate of each year. In terms of demographics, Asia-Pacific region is one of the leaders of the global iron ore market, with projected growth
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