Global iron ore output is projected to increase by 1.9% in 2025 to reach 2,612.7 million tonnes, with growth from India, Australia, Brazil, and emerging producers offsetting China’s slowdown. In 2026, global production is expected to grow by 4.5%, supported by projects in Guinea, Australia, Brazil, India, Liberia, and Iran. Australia remains the world leader in iron ore production.

The Republic of Guinea is expected to significantly increase iron ore output in 2026 with the start of commercial production at the Simandou projects. Australia’s output is forecasted to grow by 2.6% in 2026, with expansions at major projects. Brazil’s growth will be driven by Vale, while India is set to be the largest driver of global supply growth.

India aims to scale its steelmaking capacity to 300mt by 2030-31, highlighting the importance of iron ore availability. Liberia’s production is set to increase with mine expansions, while Iran’s growth will come from mine development and capacity expansions. Global iron ore production is expected to steadily increase to 3,213.2mt by 2035.

Read more at Yahoo Finance: Project ramp-ups and expansions set to lift global iron ore output in 2026