Iron ore production in Australia 2014-2023, by region

In 2023, over 860 million metric tons of iron ore were produced in Australia. Western Australia was the primary producer of iron ore, with large reserves primarily found in the Pilbara area. 

Australian iron ore industry

Australia is one of the world's leading iron ore producers. Despite experiencing a slight decline in fiscal year 2019, Australia's iron ore exports have consistently increased over the past decade. The country plays a crucial role in the global iron ore supply chain, supporting industrial operations vital to manufacturing steel all over the globe. In addition to making a substantial economic contribution, Australia's iron ore industry employs a considerable number of people. For thousands of Australians, the sector offers work possibilities ranging from trained mining professionals to support staff.

Global iron ore production

Iron ore refers to rocks and minerals which, when heated with a reductant, yield metallic iron. These sources serve as the primary raw materials for the iron and steel industries globally. Steel is essential to many other sectors, such as manufacturing, infrastructure development, and construction. Major iron ore-producing countries include Australia, Brazil, China, India, and Russia. Australia and Brazil dominate global iron ore exports, accounting for around three-quarters of worldwide shipments. China, as the world's largest consumer of iron ore, also boasts significant domestic production, primarily to meet its massive steel demand.