Name: Iron ore: 5 things to look for in 2023
Brand: Wood Mackenzie
SKU: 149462
Price: 1050 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Insight 13 January 2023

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

The global iron ore market will continue to witness fluctuating growth trends in 2023, as policy volatility in China and energy inflation woes will beset the market. Miners’ investments will be oriented towards strengthening product portfolios, decarbonising mine sites, acquiring new technologies, and leveraging capabilities to maintain growth during challenging times. We believe that Chinese hot metal production has peaked, and the country’s demand for iron ore will decline in the coming years. But could China’s demand surprise on the upside in 2023? What impact could China’s CMRG have on iron ore prices by centralising iron ore purchases? Will the progress made in 2022 in Guinea with the Simandou project continue unabated in 2023?

1. Unsynchronised global economic recovery: Could China’s demand surprise on the upside?
2. Supply tracing demand: Will we see a further acceleration of value over volume strategies?
3. Miners firm up decarbonisation agenda: How ambitious is it and will they be able to deliver?
4. CMRG’s increased control over purchasing: Will it contribute to reducing iron ore prices?
5. Simandou significant progress in 2022: Will it continue unabated in 2023?