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The three largest iron ore companies Vale Rio Tinto and BHP Billiton increased their control over global iron ore production to % in 2024 34% in 2024 The Big Three control 61% of the world seaborne trade of iron ore New iron ore mining capacity taken into operation in 2024 reached almost 75 million metric tonnes globally
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Iron mining in the United States produced 425 million metric tons of iron ore in 2024 worth US$38 billion Iron ore was the third highest value metal mined in the United States after gold and copper [Get More Info]
For a high grade iron ore deposit ie greater than 62 per cent a dry crushing and sizing process is sufficient to achieve the required product quality and size fraction as lump ore sponge ore or sinter fines Other deposits with lower ore quality less than 58 per cent could use selective mining and blending methods
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