Commodity Market Report

Global iron ore investment horizon outlook – Q3 2023

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Iron ore mining investments will decline by a third between 2023 and 2033, compared to the last ten years, driven by a contraction in Chinese iron ore demand and low-cost supply availability. However, investors and demand preferences are shifting towards high-grade ore and with the push to decarbonise, this will translate into increased investments into beneficiation or pelletisation and different zero-carbon initiatives in the latter half of the current decade.

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    LTO IHO Slide Pack Iron Ore Q3 2023.pdf

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