World iron ore reserves
The world’s rich iron ore resources, the U.S. Geological Survey reported that the end of 2004, the world’s iron ore reserves of 160 billion tons, the reserve base of 370 billion tons, ferrous metal reserves of 80 billion tons, the reserve base to 180 billion tons.
The world iron ore resources in Australia, Brazil, Russia, Ukraine, Kazakhstan, India, the United States, Canada, South Africa and other countries.
World iron ore production
2004 world iron ore production was 1.43 billion tons, representing an increase of 15 percent over 2003. From the distribution of 435 million tons in Asia, South America 315 million tons, 232 million tons in Oceania, Europe 246 million tons, 098 million tons in North America, Africa, 056 million tons. Iron ore production in four countries, followed by 310 million tons in China, Brazil, 280 million tons, 230 million tons in Australia, India, 120 million tons, the sum accounted for 67 of the total world iron ore production %.
Iron ore trade status
2004 world iron ore imports totaled 653 million tons, which imports most concentrated in Asia and the EU-15. Asian imports of iron ore totaled 411 million tons, accounting for 63 percent of world iron ore trade. The EU-15 imports of iron ore to 130 million tons, accounting for 20 percent of world iron ore trade. The amount of Chinese imports of iron ore in recent years, the rapid growth of 41.15 million tons of imported iron ore in 1995, the year 2000 imported 69.97 million tons of iron ore amounted to N2.08 billion t in 2004, Japan imported iron ore 1.35 billion t. China and Japan, the total imported iron ore of 343 million tons, accounting for 52.5 percent of world iron ore trade. (iron ore processing plant)
Iron ore development trends
“Mining Annual Review2002″ reported that, due to the 2002 iron ore market demand in Europe and Japan, in 2002 the international market price of iron ore decreased by 3% to 5%. Powder ore prices in 2002, reached the Australian iron ore producers and Japanese steel producers fell by 2.4% lump ore prices fell by 5%. Japanese market, iron ore, iron ore fines price of 28.28 cents per long ton degrees, iron ore lump ore price of 36.13 cents per long ton degrees. In the European market, the price of iron ore also declined. From a long-term perspective, the price of iron ore is a downward trend. But to predict the recent Asian iron ore demand will continue to have higher growth, a substantial increase in China’s iron ore demand will slow the momentum of the iron ore price drop.
Analysis from the years of import and export trends, the world’s iron ore supply and demand balance and a slight surplus, there are some export potential. Australia, Brazil, India can be a substantial increase in iron ore exports to meet the needs of the foreign iron and steel production.
iron ore processing plant manufacturer and Distributor
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