Research firm BMI states that global iron-ore production growth will accelerate in the coming years, bringing an end to the stagnation that has persisted since iron-ore prices hit a decade-low average of $55/t in 2015.
BMI estimates global mine output growth will average 2.3% from 2023 to 2027, compared with -0.7% over the previous five years. This would lift yearly production by 372.8-millionn tonnes in 2027, compared with 2022 levels.
BMI also states that supply growth will primarily be driven by Brazil and Australia.
Alien Metals Ltd (LON:UFO) is a global minerals exploration and development company that will shortly make the transition to iron ore producer. The company was formed from Arian Silver in late 2018, retaining some of the companies more valuable Mexican projects before embarking on an acquisition led strategy, headed up by an excellent geological team and targeted entirely on Western Australia.
