Press release
Iron ore Mining Industry sector Production Plant, (Latest) Projects 2025 | Major Companies - Anglo American, Cliffs Natural Resources, SIMEC Mining, Tata Steel and Iron Ore Company of Canada
Iron ore Mining Industry
NMDC reported record iron ore output of 2.44 million tons and sales of 3.03 million tons, marking month-over-month increases of 19% in production and 2.7% in sales In July 2023
The expiration of captive leases under the Mines and Minerals (Development & Regulation) Act of 2015 is expected to make 2030 a critical year for India's iron ore mining sector, significantly affecting steel production. The report notes that the steel industry contributes about 2% of India's GDP and employs over two million people, with projections for 2047 estimating a crude steel capacity of 500 million tons and per capita consumption of 200-225 kg.
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Latest M&A Activity
Anglo American agreed to acquire Canada's Teck Resources in a landmark deal valued at approximately USD 20 billion, one of the largest mining deals in a decade. Both companies have major copper and iron ore assets globally, boosting market strength and diversification.
Mitsui announced acquisition of an interest in the Ministers North iron ore deposit in Australia, expanding its resource base.
Active consolidation continues in the mining space, with companies pursuing strategic deposits and projects to enhance long-term resource portfolios amid shifting commodity demand.
The mining sector is set to surpass USD 100 billion in total M&A activity by the end of 2025, supporting growth and resilience.
Key Players:
Vale S.A., Rio Tinto, BHP, Fortescue Metals Group, Anglo American, Cliffs Natural Resources, LKAB, SIMEC Mining, Tata Steel and Iron Ore Company of Canada.
Latest News and Market Developments
Vale reported its strongest iron ore quarterly production since 2018 with 94.4 million metric tons in Q3 2025 and forecasts iron ore output between 325-335 million tons for 2025.
Rio Tinto confirmed stable iron ore exports in Q3 2025 and announced a $1.1 billion investment to develop new deposits at its West Angelas operation extending mine life.
In Western Australia, BHP received approval for a major expansion of its Jimblebar iron ore mine.
Brazilian and Australian producers remain dominant with expanding production capacity despite concerns over slowing demand in China.
India's NMDC revised iron ore prices effective October 22, 2025, reflecting market adjustments and input cost changes.
Growth Forecast Projected:
The Global Iron ore Mining Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Iron ore Mining Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Key Segments:
By Type: (Iron Ore Mining Fines, Iron Ore Mining Pellets, Iron Ore Pellet Feed, Others)
By End-User: (Construction, Transportation, Manufacturing, Others)
Regional Analysis for Market:
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Product Launches and New Projects
India's mining giant launched a new iron ore product line at Black Mountain Mine, aiming for global competitiveness and sustainability.
The 3 million tonnes per annum (MTPA) iron ore project at BMM is advancing, with pilot plant success promising scalable production improvements.
New higher-grade iron ore products and dense media separation (DMS) feeds target steel and coal industries globally.
Several companies are integrating digital technologies into iron ore mining operations for improved yield, environment, and social governance compliance
Benefits of the Report:
Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.
Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.
Chapter 3: Offers an in-depth look at the competitive landscape among Iron ore Mining producers, including revenue shares, strategic moves, and recent mergers and acquisitions.
Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.
Chapters 5 & 6: Analyze Iron ore Mining revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.
Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.
Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.
Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.
Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.
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FAQ's
Q1: What is the current size of the Iron ore Mining Market?
A: The Iron ore Mining Market stood at US$ 330.2 billion in 2022 and is set to experience remarkable growth, reaching US$ 620.7 billion by 2031
Q2: How fast is the Iron ore Mining Market growing?
A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 8.2% from 2025 to 2032
Latest Investments
Robe River Joint Venture committed $733 million to extend life of West Angelas mine in Western Australia.
US and global private capital continue investments in mining technology and capacity expansions driven by clean energy and infrastructure demands.
Governments increasingly emphasize sustainable mining practices, pushing for investments in ESG compliance, resource efficiency, and community development.
Exploration budgets for critical metals alongside iron ore are also on the rise, reflecting diversified steelmaking and decarbonization needs
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