Country Report

Australia iron ore supply summary

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With 54% margins from iron ore and sustained year-on year production performance, Australia continues to be clear winners in 2022. Resilient Chinese steel demands and ongoing supply tightness due to adverse weather conditions, lower than anticipated Brazilian and Indian supplies, kept prices of iron ores high for regional supplier. Nonetheless, following the onset of COVID-19 in China at the end of 2022, high-cost operators, including Strike and CuFe begin exiting the market. Australian production henceforth was flat at 950 Mt. Other factors contributing to low production were slow tie-in of Rio Tinto’s Gudai-darri mine, delays on FMG Iron Bridge production start and the passing of the Aboriginal Heritage Act, contributing to onerous new project approvals process.

Table of contents

  • Capital costs

Tables and charts

This report includes 22 images and tables including:

  • Capital costs
  • Average operating margin (US$/tonne)
  • 2022 Australia iron ore CO2e emission curve - by product
  • 2022 iron ore seaborne export CO2e emission curve (Scope 1&2)
  • Production by key company
  • Proportions of fines, lump, concentrate and pellets
  • Costed production by status
  • Attributable marketable production by company
  • Seaborne iron ore cash costs by operator 2022 (CFR China, unadjusted for quality)
  • Port export capacity
  • Pilbara Region
  • Other Western Australia
  • South Australia
  • Attributable marketable reserves by company (at 31/12/2022)
  • Raw ore Fe grade 2022
  • Product Fe grade 2022
  • Impurities 2022
  • Pilbara Region
  • Other Western Australia
  • South Australia
  • Australia iron ore producing regions

What's included

This report contains:

  • Document

    Australia Iron Ore Supply Summary.xls

    XLS 1.06 MB

  • Document

    Australia iron ore supply summary

    PDF 3.57 MB