World iron ore production will continue to grow over the next 5 years

According to the latest report from Fitch Solutions, one of the world's leading financial institutions, it predicted that global iron ore production could continue to grow, with an average growth rate of 2.4% in 2021-2025, which is much higher. than over the past five years -2.0%.

In addition, the report shows that iron ore production in 2025 should reach 378 million tons, which is the total iron ore production in India and Russia in 2020.

While future iron ore production looks set to increase over the next five years, Fitch Solutions also noted that the upward trend should end in 2030.