Shipments of iron ore on the Great Lakes totaled 4.3 million tons in November, a decrease of 4.7 percent from 2023. Shipments were below the month’s 5-year average by 3.5 percent.
Vale said on Tuesday it expects to produce between 325-million and 335-million metric tons of iron-ore in 2025, following an output of about 328-million tons this year.
Kazakhstan plans to launch a large-scale Lomonosovske iron ore project (Lomo) with reserves of 74 million tons of iron ore concentrate with an Fe content of over 67%