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1396689

全球鐵礦石開採市場 - 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: 約2個工作天內

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簡介目錄

概述

2022年全球鐵礦石開採市場規模達3,302億美元，預估至2030年將達6,207億美元，2023-2030年預測期間CAGR為8.2%。

澳洲各地都蘊藏大量優質的鐵礦石，尤其是西澳的皮爾巴拉地區。這些資產包括優質赤鐵礦和磁鐵礦礦石，由於雜質含量低、鐵濃度高，在全球備受追捧。維護港口、鐵路和加工廠等基礎設施，使鐵礦石能夠有效地從礦區運輸到出口碼頭。這項承諾保證了鐵礦石出口供應鏈的可靠和有效。

例如，澳洲由必和必拓、力拓和福蒂斯丘金屬集團等主要產業參與者進行大規模鐵礦石開採活動。這些公司利用創新採礦技術、複雜的萃取技術和大型基礎設施投資來提高產量和出口。因此，澳洲在全球鐵礦石開採市場中佔有重要的市場佔有率。

動力學

鐵礦石產量提高

產量的增加滿足了全球對鐵礦石不斷成長的需求，特別是鋼鐵業的需求，保證了充足的供應，以滿足全球鋼鐵生產商不斷成長的需求。對於鐵礦石開採公司來說，產量的增加會帶來銷售和收入的增加。收入往往隨著產量的增加而攀升，從而改善採礦業務的財務績效。

例如，根據國營礦業公司NMDC公佈的資料，7月鐵礦石產量較去年同月增加19%至244萬噸，銷售量成長2.7%至3.03噸。

2023 年 7 月，鋼鐵部旗下的 Navratna 礦商國家礦產開發公司 (NMDC) 宣布產量破紀錄。根據鋼鐵部公告，光是7月份，該礦業公司就銷售鐵礦石303萬噸，生產244萬噸，季增2.7%和19%。

鋼鐵生產需求不斷成長

近 98% 的開採鐵礦石用於生產鋼鐵，使其成為煉鋼的必要組成部分。鐵礦石的需求受到鋼鐵需求的強烈影響，因為鋼鐵是許多不同行業的適應性強且必不可少的材料。建築物、橋樑、道路、鐵路和其他基礎設施項目都需要鋼鐵，這對於基礎設施的建設和發展至關重要。全球基礎設施項目和不斷發展的城市化推動了鋼鐵需求，進而推高了鐵礦石價格。

例如，印度會計年度上半年國內鋼鐵消費大幅成長，顯示印度製造業儘管面臨外部挑戰，但仍在快速擴張。

鋼鐵部最新統計顯示，24會計年度4月至9月的鋼材消耗量較上年同期增加15%至6,400萬噸。 2023 會計年度上半年鋼鐵消費量從 2021 會計年度上半年的 49.7 噸增加 11.5% 至 55 噸，當時該國經歷了第二波 COVID-19 大流行。

資源枯竭

高品位鐵礦石儲量的持續枯竭被稱為資源枯竭，它會嚴重阻礙全球鐵礦石開採市場的擴張。隨著容易開採的高品位鐵礦石儲量減少，礦業公司可能必須搬到品位較低的礦石或更偏遠的地方。較高的開採成本通常是由於開採低品位礦石時需要更徹底的加工和選礦而導致的。

每開採一噸礦石，開採低品位鐵礦石通常會導致產量較差和開採成本更高。這可能會影響礦業公司的利潤率，特別是如果鐵礦石市場價格沒有上漲以抵消更高的生產成本的話。

技術和營運挑戰

使用創新的採礦技術需要大量的財政支出。某些礦業公司可能會發現很難分配大量財務資源來升級機械、自動化和數位技術整合。使用尖端技術需要具備維護和操作複雜設備所需技能的人員。在過渡階段，可能很難找到和培訓能夠適應新技術的合格員工，這可能會導致營運問題。

許多鐵礦石資源都存在於偏僻或難以到達的地方。在這些地區，包括電力供應、鐵路和公路在內的基礎設施的建設和維護可能成本高昂，且在後勤方面具有挑戰性，從而降低營運效率。

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