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
In 2024, Australia maintained its dominance in the iron ore market with 50% margins despite a slight expected decline in production. Stable supply from major producers – Australia, Brazil, and India – combined with mixed demand from Chinese steelmakers contributed to stable iron ore prices for regional suppliers. Australian production saw a modest increase of 0.5%, achieving 945 Mt in 2023, and a slight decline is expected to 937 Mt in 2024. Trade relations with China improved, highlighted by joint projects like the Ashburton Hub and Western Range mine. These developments solidify Australia’s position as a global leader in iron ore production.
Table of contents
- Capital costs
Tables and charts
This report includes the following images and tables:
- Capital costs
- Average operating margin (US$/tonne)
- 2024 Australia iron ore CO2e emission curve - by product
- 2024 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 2024 (CFR China, unadjusted for quality)
- Port export capacity
- Pilbara Region
- Other Western Australia
- 10 more item(s)...
What's included
This report contains:
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