Global Supply of Iron Ore
– Besides oil, iron ore could be the most important commodity in the global economy.¹
– Most of the world’s reserves that contain high-grade iron ore (60% FeT or more) have already been depleted.
– Lower-grade sources of iron ore are currently being mined around the world as a result of the declining supply of high grade.
¹ Christopher LaFemina, a mining analyst at Barclays Capital.Guinea Iron Ore Presentation
