Project accelerations and expansions will increase global iron ore production in 2026
Global iron ore production is forecast to rise 1.9% in 2025 to reach 2,612.7 million tonnes (mt), up from 2,564.4 million tonnes in 2024. The modest growth comes despite weakening production in China due to weak domestic demand for steel and a prolonged slowdown in construction and infrastructure activity. This shortfall has been largely offset…