According to GlobalData, Canada is the world’s eighth-largest producer of iron ore in 2023, with output up by 1% on 2022. Over the five years to 2022, production from Canada increased by a CAGR of 5% and is expected to rise by a CAGR of 4% between 2023 and 2027. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global iron ore mining to 2030 report. Buy the report here.
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Canada accounts for 2% of global production, with the largest producers being Australia, Brazil, China and India. Exports of iron ore from Canada increased by 1% in 2023 over 2022, with the highest share being exported to China. Canada’s iron ore exports are expected to grow at a CAGR of 2.61% between 2023 and 2027.
Leading producers of iron ore in Canada are ArcelorMittal and Rio Tinto. During 2020-2021, ArcelorMittal's output was down by 44%, Rio Tinto's output decreased by 24%.
For more detailed analysis of global iron ore mining, buy the report here.
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