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Iron Ore Mining in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron Ore Mining Market Research Report | ANZSIC B0801 | Feb 2015

Steely demand: Chinese infrastructure boom has been boosting industry revenue growth

IBISWorld’s Iron Ore Mining market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$77bn
Annual Growth 10-15
11.5%
Annual Growth 15-20
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Profit
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Employment
32,600
Businesses
39
Industry Analysis & Industry Trends

Over the five years through 2014-15, Iron Ore Mining industry revenue is expected to increase at an annualised 11.5% to $76.8 billion. Strong economic growth in large and developing nations, such as China and India, has increased steel production, fuelling demand for iron ore and contributing to high iron ore prices, particularly in the years prior to 2012-13. However, iron ore prices (denominated in US dollars) started falling in 2013-14, partly offset by a weaker Australian dollar. Overall, relatively high iron ore prices provided an incentive for Australian iron ore mining firms to increase production. This led to major capacity expansions and large-scale increases in Australia's iron ore output in the past five years... purchase to read more

Industry Report - Industry Analysis Chapter

Industry revenue and demand for iron ore are closely tied to Chinese steel production, the global price of iron ore and the value of the Australian dollar. The key downstream steel-using industries in China and around the world are construction, motor vehicle manufacturing, shipbuilding, plant and equipment manufacturing and consumer goods manufacturing. Strong activity in some or all of these industries flows through to rising steel demand and output, and increased iron ore demand and production. As Australia is a major global supplier of iron ore, the performance of Australia's iron ore producers also depends on the volume of iron ore mined each year. Production volumes and prices are determined by the interplay of global demand for and supply of iron ore... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron Ore Mining Industry?

Firms in the industry extract iron ore and iron ore sands, and carry out beneficiation processes to refine the mined ore. The industry also includes businesses that produce sinter and other agglomerates.

Industry Products
Lump oreIron ore finesIron ore pellets
 
Industry Activities
Iron ore dressing or beneficiatingIron ore miningIron sands mining


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