The latest industry report by Fitch Solutions forecasts that the worldwide production of iron ore will grow in the coming years. The research firm forecasts that from 2021 to 2025, the worldwide iron ore mine output growth will average almost 4%. This is in comparison with the 2.3% forecast of the last five years.
According to the market analyst, this will increase the annual production of iron ore by more than 570 million tons by the year 2025, with the main countries driving this growth being Australia and Brazil…
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