Rio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024

MT Newswires Live2024-12-27

Iron ore miners such as Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), Fortescue (ASX:FMG) could benefit from an expected 2.9% year-on-year increase in global output in 2024, according to a Dec. 24 report by Research and Markets.

Production is forecast to increase to roughly 2.61 billion tonnes in 2024, driven by China, India, Brazil, and Australia. Combined output from these countries is projected to increase 2.5% to nearly 1.99 billion tonnes in 2024 from 1.94 billion tonnes in 2023.

Global iron ore production is expected to grow at a compound annual growth rate of 3% over the forecast period to reach around 3.12 billion tonnes in 2030, as per the report.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2494187208?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-27 05:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2494187208","market":"hk","top_or_hot":-1,"title":"Rio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024","media":"MT Newswires Live","content":"<html><body><p> Iron ore miners such as Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), Fortescue (ASX:FMG) could benefit from an expected 2.9% year-on-year increase in global output in 2024, according to a Dec. 24 report by Research and Markets.</p><p>Production is forecast to increase to roughly 2.61 billion tonnes in 2024, driven by China, India, Brazil, and Australia. Combined output from these countries is projected to increase 2.5% to nearly 1.99 billion tonnes in 2024 from 1.94 billion tonnes in 2023.</p><p>Global iron ore production is expected to grow at a compound annual growth rate of 3% over the forecast period to reach around 3.12 billion tonnes in 2030, as per the report.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRio Tinto, BHP, Fortescue Seen to Benefit as Iron Ore Production Forecast to Rise 2.9% in 2024\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-27 05:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Iron ore miners such as Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), Fortescue (ASX:FMG) could benefit from an expected 2.9% year-on-year increase in global output in 2024, according to a Dec. 24 report ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7129","symbol_name":"钢铁","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2494187208","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2494187208","pubTimestamp":1735250394,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Iron ore miners such as Rio Tinto , BHP Group , Fortescue  could benefit from an expected 2.9% year-on-year increase in global output in 2024, according to a Dec. 24 report by Research and Markets.Production is forecast to increase to roughly 2.61 billion tonnes in 2024, driven by China, India, Brazil, and Australia. Combined output from these countries is projected to increase 2.5% to nearly 1.99 billion tonnes in 2024 from 1.94 billion tonnes in 2023.Global iron ore production is expected to grow at a compound annual growth rate of 3% over the forecast period to reach around 3.12 billion tonnes in 2030, as per the report.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","BK7511":"ESG概念","FMG.AU":"FORTESCUE LTD","BK4585":"ETF&股票定投概念","BK4168":"多种金属与采矿","BK4588":"碎股","RIO.AU":"力拓","BHP":"必和必拓公司","BHP.AU":"BHP GROUP LTD","BK7507":"资源股","BK7095":"多种金属与采矿"},"translate_title":"力拓、必和必拓、Fortescue预计将受益，预计2024年铁矿石产量将增长2.9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP":1,"BHP.AU":1,"FMG.AU":1,"RIO.AU":1},"content_text":"Iron ore miners such as Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), Fortescue (ASX:FMG) could benefit from an expected 2.9% year-on-year increase in global output in 2024, according to a Dec. 24 report by Research and Markets.Production is forecast to increase to roughly 2.61 billion tonnes in 2024, driven by China, India, Brazil, and Australia. Combined output from these countries is projected to increase 2.5% to nearly 1.99 billion tonnes in 2024 from 1.94 billion tonnes in 2023.Global iron ore production is expected to grow at a compound annual growth rate of 3% over the forecast period to reach around 3.12 billion tonnes in 2030, as per the report.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2494187208"}