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全球铁矿石开采市场 - 2023-2030

Global Iron Ore Mining Market - 2023-2030

出版日期: 2023年12月15日 | 出版商:

DataM Intelligence | 英文 183 Pages | 商品交期: 约2个工作天内

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简介目录

概述

2022年全球铁矿石开采市场规模达3,302亿美元，预估至2030年将达6,207亿美元，2023-2030年预测期间CAGR为8.2%。

澳洲各地都蕴藏大量优质的铁矿石，尤其是西澳的皮尔巴拉地区。这些资产包括优质赤铁矿和磁铁矿矿石，由于杂质含量低、铁浓度高，在全球备受追捧。维护港口、铁路和加工厂等基础设施，使铁矿石能够有效地从矿区运输到出口码头。这项承诺保证了铁矿石出口供应链的可靠和有效。

例如，澳洲由必和必拓、力拓和福蒂斯丘金属集团等主要产业参与者进行大规模铁矿石开采活动。这些公司利用创新采矿技术、复杂的萃取技术和大型基础设施投资来提高产量和出口。因此，澳洲在全球铁矿石开采市场中占有重要的市场份额。

动力学

铁矿石产量提高

产量的增加满足了全球对铁矿石不断增长的需求，特别是钢铁业的需求，保证了充足的供应，以满足全球钢铁生产商不断增长的需求。对于铁矿石开采公司来说，产量的增加会带来销售和收入的增加。收入往往随着产量的增加而攀升，从而改善采矿业务的财务绩效。

例如，根据国营矿业公司NMDC公布的资料，7月铁矿石产量较去年同月增加19%至244万吨，销售量成长2.7%至3.03吨。

2023 年 7 月，钢铁部旗下的 Navratna 矿商国家矿产开发公司 (NMDC) 宣布产量破纪录。根据钢铁部公告，光是7月份，该矿业公司就销售铁矿石303万吨，生产244万吨，季增2.7%和19%。

钢铁生产需求不断成长

近 98% 的开采铁矿石用于生产钢铁，使其成为炼钢的必要组成部分。铁矿石的需求受到钢铁需求的强烈影响，因为钢铁是许多不同行业的适应性强且必不可少的材料。建筑物、桥樑、道路、铁路和其他基础设施项目都需要钢铁，这对于基础设施的建设和发展至关重要。全球基础设施项目和不断发展的城市化推动了钢铁需求，进而推高了铁矿石价格。

例如，印度财年上半年国内钢铁消费大幅成长，显示印度製造业儘管面临外部挑战，但仍在快速扩张。

钢铁部最新统计显示，24财年4月至9月的钢材消耗量较上年同期增加15%至6,400万吨。 2023 财年上半年钢铁消费量从 2021 财年上半年的 49.7 吨增加 11.5% 至 55 吨，当时该国经历了第二波 COVID-19 大流行。

资源枯竭

高品位铁矿石储量的持续枯竭被称为资源枯竭，它会严重阻碍全球铁矿石开采市场的扩张。随着容易开采的高品位铁矿石储量减少，矿业公司可能必须搬到品位较低的矿石或更偏远的地方。较高的开采成本通常是由于开采低品位矿石时需要更彻底的加工和选矿而导致的。

每开采一吨矿石，开采低品位铁矿石通常会导致产量较差和开采成本更高。这可能会影响矿业公司的利润率，特别是如果铁矿石市场价格没有上涨以抵消更高的生产成本的话。

技术和营运挑战

使用创新的采矿技术需要大量的财政支出。某些矿业公司可能会发现很难分配大量财务资源来升级机械、自动化和数位技术整合。使用尖端技术需要具备维护和操作复杂设备所需技能的人员。在过渡阶段，可能很难找到和培训能够适应新技术的合格员工，这可能会导致营运问题。

许多铁矿石资源都存在于偏僻或难以到达的地方。在这些地区，包括电力供应、铁路和公路在内的基础设施的建设和维护可能成本高昂，且在后勤方面具有挑战性，从而降低营运效率。

Overview

Global Iron Ore Mining Market reached US$ 330.2 billion in 2022 and is expected to reach US$ 620.7 billion by 2030, growing with a CAGR of 8.2% during the forecast period 2023-2030.

Large and excellent reserves of iron ore may be found all throughout Australia, but particularly in Western Australia's Pilbara region. The assets comprise premium-grade hematite and magnetite ores, which are highly sought-after globally due to their low impurities and high iron concentration. Maintaining infrastructure, including ports, railroads and processing plants, makes it possible for iron ore to be transported from mine areas to export terminals efficiently. The commitment guarantees an iron ore export supply chain that is dependable and effective.

For instance, Australia conducts the large-scale iron ore mining activities by major industry participants, including BHP, Rio Tinto and Fortescue Metals Group. The companies boost output and exports by utilizing innovative mining technologies, complex extraction techniques and large infrastructure investments. Therefore, the Australia is accounting for significant market shares in the global iron ore mining market.

Dynamics

Higher Production of Iron Ore

Enhanced output satisfies the expanding global need for iron ore, especially from the steel sector, guaranteeing an adequate supply to fulfill the expanding requirements of steel producers globally. For iron ore mining companies, increased production leads into higher sales and revenue. Revenues often climb with increased output volume, improving the financial performance of mining operations.

For instance, according to data released by state-owned mining firm NMDC, iron ore production increased by 19% to 2.44 million Tons in July compared to the same month last year, Sales increased by 2.7% to 3.03 MT.

In July 2023, National Mineral Development Corporation (NMDC), a Navratna miner operating under the Ministry of Steel, announced record-breaking production. The mining corporation sold 3.03 million Tonss of iron ore and produced 2.44 million Tonss in July alone, indicating month-over-month increases in sales and production of 2.7% and 19%, respectively, according to a statement from the Ministry of steel.

Growing Steel Production Demand

Nearly 98% of mined iron ore is utilized to produce steel, making it a necessary component of steelmaking. The need for iron ore is strongly impacted by the demand for steel because steel is an adaptable and essential material in many different sectors. Buildings, bridges, roads, railroads and other infrastructure projects all require steel, which is essential to the creation and growth of infrastructure. Global infrastructure projects and growing urbanization fuel the steel demand, which in turn increases the price of iron ore.

For instance, the first half of the Indian fiscal year witnessed a sharp increase in the country's domestic steel consumption, demonstrating that Indian manufacturing is still expanding rapidly despite external challenges.

The latest statistics from the steel ministry show that the amount of steel consumed in FY24 from April to September increased by 15% to 64 million Tonss over the same time the previous year. Steel consumption increased 11.5% to 55 mt in H1 FY23 from 49.7 mt in H1 FY21, when the nation experienced the second wave of the COVID-19 pandemic.

Resource Depletion

The steady depletion of high-grade iron ore reserves is referred to as resource depletion and it can seriously impede the expansion of the global iron ore mining market. Mining companies may have to move to lower-grade ores or more remote places as readily accessible, high-grade iron ore reserves decrease. Higher extraction costs are frequently the result of the need for more thorough processing and beneficiation when extracting lower-grade ores.

For every Tons of ore removed, mining lower-grade iron ore usually results in poorer yields and greater extraction costs. The may affect mining companies' profit margins, particularly if iron ore market prices don't grow to offset higher production costs.

Technological and Operational Challenges

Using innovative mining technologies necessitates large financial outlays. Certain mining firms may find it difficult to allocate substantial financial resources towards the upgrading of machinery, automation and integration of digital technologies. Using cutting-edgetechnology necessitates having personnel with the skills necessary to maintain and operate complicated apparatus. During the transition phase, it may be difficult to find and educate qualified employees who can adjust to new technologies, which could cause operational problems.

Numerous iron ore resources are found in isolated or difficult-to-access places. The establishment and upkeep of infrastructure, including electricity supplies, railroads and roadways, can be expensive and logistically challenging in these regions, which can reduce operating effectiveness.

Segment Analysis

The global iron ore mining market is segmented based on type, end-user and region.

Steel Manufacturing's Impact on Global Iron Ore Mining Market and Future Projections

The main basic material required for producing steel is iron ore. Because steel production uses almost 98% of the iron ore that is mined, the steel demand directly affects the demand for iron ore. Building and Infrastructure Development: Steel is a crucial material for building projects, urbanization and infrastructure development. The industries' expansion fuels the need for steel, which in turn increases the need for iron ore. Therefore, steel manufacturing segment drives the growth of the global market with significant global segmental shares.

For instance, in March 2022, The Mines and Minerals (Development & Regulation) Act of 2015's captive lease expiration is expected to make 2030 a pivotal year for the iron ore mining industry, with a big impact on steel production." The report claims that the steel sector in India generates around two percent of the nation's GDP and employs over two million people. A 500 million-ton crude steel capacity and 200-225 kg of crude steel consumed per person are predicted by the research for 2047.

Geographical Penetration

Asia-Pacific's Economic Expansion Fuels Rising Demand for Iron Ore and Steel

Investments in Construction and Development: The Asia-Pacific needs a significant amount of steel for government programs, investments and major infrastructure projects. The projects, which include building out transport systems, developing cities and expanding industries, all greatly increase the need for iron ore.

For instance, in October 2023, the government of Venezuela and Jindal Steel & Power Co. has a signed deal wherein the Indian corporation will manage the nations biggest iron ore production facility. Following US sanctions that were imposed on the nation in 2019, this contract represents Venezuela's first move towards opening up its mining and metallurgical sectors to an international private enterprise. All mining and heavy industries in Venezuela are held by the state. Therefore, Asia-Pacific holds largest market shares in the global iron ore mining market.

COVID-19 Impact Analysis

The iron ore market witnessed price volatility as a result of the pandemic's uncertainty. Prices initially fell as a result of decreased demand and supply chain disruptions. But when the economy picked back up and stimulus plans were put in place, demand-particularly from China-boosted prices, which eventually rebounded and even reached all-time highs.

For mining companies, operational concerns included putting safety systems into place and following health guidelines. Mining operations became more complex as a result of introducing social distancing measures, ensuring worker safety and supplying enough protective gear.

Russia-Ukraine War Impact Analysis

If a geopolitical conflict breaks ossut in an area that is a key producer or a transit route for shipments of iron ore, it can seriously affect the supply of commodities like iron ore. Short-term shortages or supply concerns may result from supply chain disruptions. Increased geopolitical tensions frequently result in market uncertainty and commodity market price volatility. Iron ore prices may be impacted by worries about supply disruptions or concerns surrounding upcoming trade agreements.

Trade disruptions or modifications to trade agreements between participating or impacted countries can be forced through geopolitical conflicts. The movement of iron ore to particular areas or nations may be impacted by changes in trade agreements or trade restrictions. Geopolitical unrest can have an effect on investor confidence and make long-term investments in mining projects more hesitant. Decisions about raising capital for new mining projects or increasing production may be impacted by geopolitical unrest.

By Type

Iron Ore Mining Fines
Iron Ore Mining Pellets
Iron Ore Pellet Feed
Others

By End-User

Construction
Transportation
Manufacturing
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In March 2023, Anglo American and Brazil's Bamin establish a sales contract for iron ore. Anglo American has purchased an undisclosed quantity of iron ore mined by Bahia Mineracao (Bamin), a Brazilian mining company that is a subsidiary of Kazakhstan's Eurasian Resources Group, from its Pedra de Ferro operation in the state of Bahia.
On September 8, 2023, The Indian conglomerate Essar Group and Vale's subsidiary Vale International have reached a letter of intent (LOI) for the supply of iron ore agglomerates for Vale's Green Steel Arabia (GSA) project in Saudi Arabia. Vale will supply four million Tonss per year (mtpa) of iron ore agglomerates as part of the partnership, including briquettes and pellets of direct-reduced quality.
In August 2023, H2 Green Steel, a Swedish steel company has announced that it will be importing iron ore from its steel plant located in Boden, Northern Sweden, from Brazil and Canada. Disagreements with the Swedish mining corporation LKAB led to the implementation of the agreements.

Competitive Landscape

The major global players in the market include: 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.

Why Purchase the Report?

To visualize the global iron ore mining market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of iron ore mining market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Type mapping available as excel consisting of key products of all the major players.

The global iron ore mining market report would provide approximately 53 tables, 48 figures and 183 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by End-User
3.3. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Higher Production of Iron Ore
  - 4.1.1.2. Growing Steel Production Demand
- 4.1.2. Restraints
  - 4.1.2.1. Resource Depletion
  - 4.1.2.2. Technological and Operational Challenges
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Iron Ore Mining Fines*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Iron Ore Mining Pellets
7.4. Iron Ore Pellet Feed
7.5. Others

8. By End-User

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 8.1.2. Market Attractiveness Index, By End-User
8.2. Construction*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Transportation
8.4. Manufacturing
8.5. Others

9. By Region

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 9.1.2. Market Attractiveness Index, By Region
9.2. North America
- 9.2.1. Introduction
- 9.2.2. Key Region-Specific Dynamics
- 9.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.2.5.1. U.S.
  - 9.2.5.2. Canada
  - 9.2.5.3. Mexico
9.3. Europe
- 9.3.1. Introduction
- 9.3.2. Key Region-Specific Dynamics
- 9.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.3.5.1. Germany
  - 9.3.5.2. UK
  - 9.3.5.3. France
  - 9.3.5.4. Italy
  - 9.3.5.5. Russia
  - 9.3.5.6. Rest of Europe
9.4. South America
- 9.4.1. Introduction
- 9.4.2. Key Region-Specific Dynamics
- 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.4.5.1. Brazil
  - 9.4.5.2. Argentina
  - 9.4.5.3. Rest of South America
9.5. Asia-Pacific
- 9.5.1. Introduction
- 9.5.2. Key Region-Specific Dynamics
- 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 9.5.5.1. China
  - 9.5.5.2. India
  - 9.5.5.3. Japan
  - 9.5.5.4. Australia
  - 9.5.5.5. Rest of Asia-Pacific
9.6. Middle East and Africa
- 9.6.1. Introduction
- 9.6.2. Key Region-Specific Dynamics
- 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Competitive Landscape

10.1. Competitive Scenario
10.2. Market Positioning/Share Analysis
10.3. Mergers and Acquisitions Analysis

11. Company Profiles

11.1. Vale S.A.*
- 11.1.1. Company Overview
- 11.1.2. Type Portfolio and Description
- 11.1.3. Financial Overview
- 11.1.4. Key Developments
11.2. Rio Tinto
11.3. BHP
11.4. Fortescue Metals Group
11.5. Anglo American
11.6. Cliffs Natural Resources
11.7. LKAB
11.8. SIMEC Mining
11.9. Tata Steel
11.10. Iron Ore Company of Canada

LIST NOT EXHAUSTIVE