Global iron ore production set for modest growth

Global iron ore production set for modest growth


【Global iron ore production will grow due to mine expansions in Brazil and increasing output from India, according to the latest analysis from Fitch Solutions. Meanwhile, output growth in China will decline on the back of falling ore grades and high production costs.

The report found global iron ore production will grow modestly from 3,322mnt in 2019 to 3,430mnt by 2028. This represents average annual growth of 0.2% during 2019- 2028, which is a significant slowdown from an average growth of 4.5% during 2009-2018. On the one hand, supply growth will be primarily driven by India and Brazil where major miner Vale is set to expand output with its new mine. On the other hand, miners in China, which operate at the higher end of the iron ore cost curve, will be forced to cut output due to falling ore grades.By DANIEL BRIGHTMORE 】


Shanghai Shuosen Mining Machine Co.,Ltd, it is one of the high-tech group company with the technology research of environmental engineering application , processing and manufacturing equipment .Our traditional business cover three modules: large and medium-sized stone crushing equipment series, powder grinding equipment series and ore beneficiation equipment series. New business mainly includes solid-waste comprehensive treatment and contaminated soil remediation field.

Shuosen has a history in processing and manufacturing large and medium-sized equipments over 30 years, and accumulates rich experience in technical research & design and equipment manufacturing in large and medium-sized stone crushing plant, ore beneficiation plant, solid waste treatment industry etc. At the same time, we pays great attention to the technical exchanges and cooperation with the excellent high-tech international corporation all over the world. And successively introduced the advanced management concept, technology, processing equipment from United States, Germany, Finland to improve the company's overall strength.

If you want to know more about our equipments details,please contact us
www.shuosencrusher.com
sarahzzdshj@gmail.com
sarah@shuosencrusher.com


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