According to GlobalData, Mexico is the world’s twelfth-largest producer of iron ore, with output of 15Mt in 2022, down by 0.26% on 2021. Over the five years to 2021, production from Mexico decreased by a CAGR of 4.79% and is expected to drop by a CAGR of 0.03% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Iron Ore Mining to 2026 report. Buy the report here.
Mexico accounts for 0.63% of global production, with the other largest producers being Australia (38%), Brazil (18%), India (10%) and China (10%).
ArcelorMittal is one of the leading producers of iron ore in Mexico. ArcelorMittal's output was 3.75Mt in 2021, down by 12% on 2020.
For more detailed analysis of global iron ore mining, buy the report here.