Country Report
Australia iron ore supply summary
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Australia retained its position as the world's dominant iron ore supplier in 2025, with total production reaching approximately 960 Mt. Rio Tinto, BHP and FMG together contributed 86% of national output. Iron ore prices averaged US$102/t CFR China, narrowing operating margins to around US$47.8/t. Mineral Resources' Onslow Iron reached nameplate capacity at 35 Mtpa, while FMG's Iron Bridge magnetite ramp-up was pushed to FY2028. Early 2026 brought a landmark Rio Tinto-BHP joint mining MOU, Simandou's first commercial shipments, and growing influence of China's centralised buyer CMRG reshaping commercial terms.
Table of contents
- Capital costs
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Simandou and China’s Centralised Buying Power
- Simandou (Guinea)
- China Mineral Resources Group (CMRG)
Tables and charts
This report includes the following images and tables:
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Capital costsAverage operating margin (US$/tonne)2025 Australia iron ore CO2e emission curve - by product
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2025 iron ore seaborne export CO2e emission curve (Scope 1&2)Production by key companyProportions of fines, lump, concentrate and pelletsCosted production by statusAttributable marketable production by companySeaborne iron ore cash costs by operator 2026 (CFR China, unadjusted for quality)Port export capacityPilbara RegionOther Western Australia
- 8 more item(s)...
What's included
This report contains:
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