Main listed companies in the iron ore industry: HBIS Resources (000923.SZ), Hainan Mining (601969.SH), Jinling Mining (000655.SZ), Dazhong Mining (001203.SZ), etc. .

Core data of this article: global iron ore production, global iron ore import market structure, global iron ore price

Global iron ore supply scale fluctuates and grows

< p>Iron ore is a mineral aggregate containing elemental iron or iron compounds that can be economically utilized. Iron ore is an important raw material for steel production enterprises. Global available iron ore production will show a fluctuating growth trend from 2010 to 2021. Global available iron ore production in 2021 will reach approximately 2.6 billion tons.

From the perspective of the distribution of iron ore producing areas, global high-quality iron ore resources are mainly distributed in Australia, Brazil, Russia and other regions. Although China’s iron ore resources have large reserves, the overall grade of iron ore resources is low. In 2021, the iron ore output of Australia and Brazil will account for about 60%; from the perspective of corporate output, Vale, Rio

Tinto, BHP and Forty The four major iron ore suppliers of FMG have formed a high degree of monopoly on global high-quality iron ore resources. In 2021, the iron ore output of the above four major mines will account for about 45%.

During the period from 2011 to 2015, due to the impact of complex factors such as the gradual release of new global production capacity and the slowdown in macroeconomic growth, the average price of iron ore dropped year by year, resulting in a significant decline in the scale of the global iron ore mining market; Since then, with the gradual balance between iron ore supply and demand and the increase in demand for high-grade iron ore and other factors, the overall growth trend of iron ore prices has driven the average price fluctuation of the global iron ore market to increase. In 2021, the global iron ore mining market will exceed US$300 billion.

The global iron ore consumer market is mainly in China

At present, China is the world's largest steel manufacturing country and the main consumer of iron ore in the world. In recent years, China's iron ore imports have accounted for more than 70% of the world's total iron ore imports, followed by the European Union, Japan, South Korea and India.

Note: The inner circle is 2020, the outer circle is 2021

Global iron ore prices have continued to be high in the past two years

In the past two years, due to the global new crown epidemic The impact of the epidemic has severely hindered iron ore trade and supply chain stability. In mid-2020, due to growing demand in China and continued supply disruptions in the Brazilian market, global iron ore prices soared, reaching a peak of US$214.43/ton in June 2021, more than twice the average price for the whole year of 2019 , then declined but overall still remained at a high level. It is expected that as the global supply and demand market gradually returns to normal in the future, global iron ore prices will fall further.

The above data comes from the "Global Iron Ore Industry Market Forecast and Investment Strategic Planning Analysis Report" by the Qianzhan Industry Research Institute.