Major iron ore producers have used 11.1 billion tonnes of reserves over the past decade replacing three-fourths of tonnes mined
The world’s major iron ore producers are consuming their reserve bases faster than they are replenishing them, while the cost and complexity of replacing those reserves is rising. The quality of some replacement resources is also declining, putting further pressure on margins and product premiums. Those are the central findings of Iron Ore Reserve Depletion ...
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