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According to the latest reports, Chinas industry minister in an interview said that the country will strictly prohibit the expansion of new iron and steel projects in 2019.

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Global Iron Ore Mining to 2020. Summary. Global iron ore reserves were 185.1 billion tonnes (Bnt) as of January 2016, with Australia accounting for the largest share with 54Bnt or 29.2% of the total, followed by Russia with 25Bnt (13.5%), Brazil and China with 23Bnt each (12.4%), the US with 11.5Bnt (6.2%) and India with 8.1Bnt (4.4%).

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