the iron ore market situation views of unctad
4 Possible iron ore supply Source Raw Materials Data Iron ore, 2012. 0 50 100 150 200 250 300 350 2012-2014 certain probable possible 500 Mt The worlds iron ore production has increased from 1.043 Bt in 2001 to 2.93 Bt in 2012. China is the largest iron ore-producing country, producing about 1.3 Bt in 2012, about 45% of the worlds iron ore production, followed by Australia and Brazil with their combined production of 919 Mt in 2012.