Modest global growth for iron ore production.
Global iron ore production will grow modestly over the years due to mine expansions in Brazil and increasing output from India, Fitch Solutions' latest industry trend analysis found. Meanwhile, analysts say output growth in China will decline on the back of falling ore grades and high costs of production. Global iron ore production will grow from 2,896 mnt in 2019 to 3,147mnt by 2029, Fitch forecasts.
This represents an average annual growth rate of 0.8 percent during 2020-2029, which is a signii!cant slowdown from an average growth rate of 3.0...
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