10,011.27 TRY BIST 100 BIST 100
4.83 CNY CNY CNY
34.98 USD USD USD
36.71 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.21 TRY Interest Interest
73.23 USD Fossil Oil Fossil Oil
30.41 USD Silver Silver
4.13 USD Copper Copper
104.99 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,646.47 TRY Gold (gr) Gold (gr)

Iron production will increase in Africa

Mauritania and Algeria aim to become one of the leading countries in the industry by increasing their iron ore production.

Iron production will increase in Africa

While Algeria's target for 2026 is 40-50 million, Mauritania's target is known as 24 million tons of iron production. Gara Djebilet reserves, which represent one of the largest iron ore reserves in the world, are estimated to be 3.5 billion tons, and it is stated that 1.7 billion tons of this can be extracted. Ahmed bin Abbas, Director of the Algerian National Steel Company, a steel company owned by the Algerian state, stated that the authorities will be able to produce 40-50 million tons of ore per year, with the establishment of a 1000 km railway connection, the mine will be connected to Bechar province. The company is preparing for an agreement to supply 500 thousand tons of iron ore to China.

Mauritania will compete with Turkey in production

It is reported that there are around 300 million tons of iron mines in Mauritania. He stated that he aimed to double the iron production in Mauritania, which is the second largest country in the African continent in iron production. Societe National Indurstrielle et Miniere (SNIM) aims to double its iron production with 24 million tons by 2026, and to be ahead of Turkey in the list of the world's 20 largest iron ore producers.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

The Moselle River accident and its effects: logistics, trade and scrap markets shaken

Wednesday, December 18, 2024

Worldwide Stainless acquires Bahru Stainless

Wednesday, December 18, 2024

Cleveland-Cliffs increases HRC prices by $50

Wednesday, December 18, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

2024 rebar prices in Saudi Arabia reflect decreasing trend compared to 2023

Wednesday, December 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now