Rising Asian Iron Ore Demand Drives $31 Billion in Mining Projects in Australia
Rising Asian Iron Ore Demand Drives $31 Billion in Mining Projects in Australia
Attachment: C
PERTH, AUSTRALIA--April 7, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--The price of iron ore has been strong since December 2020, driven by high demand in China and disrupted supply in Brazil. Australia's iron ore export volumes are forecast to increase from 893 million metric tons in 2020-2021 to reach almost 1,100 million metric tons in 2025-2026.
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