OBPAI Geek Team•2026/8/12•0 阅读
Global Iron Ore Miners of 2026
2025 output: Vale 336 Mt leads; Rio Pilbara 327 Mt, BHP ~292 Mt, Fortescue shipments 198 Mt.
iron oreValeRio TintoBHP2026
Main table: 2025 iron ore output / shipments
Compiled 2026-08-12. Ranked by 2025 iron ore production or shipments (million metric tons) from company reports. Copper / gold peers: copper, gold; steel: global steel.
| # | Company | 2025 (Mt) | YoY | Note |
|---|---|---|---|---|
| 1 | Vale | 336.1 | +2.6% | Production; sales 314.4 Mt |
| 2 | Rio Tinto | 327.3 | — | Pilbara output; shipments 326 Mt |
| 3 | BHP | ~292 | +0.8% | WA iron ore (100% basis); calendar 2025 |
| 4 | Fortescue | 198.4 | +4% | Shipments; FY to 2025-06-30 |
| 5 | Anglo American | 60.8 | flat | Premium iron ore (Kumba + Minas-Rio) |
| 6 | Kumba Iron Ore | 36.1 | +1% | South Africa; Anglo-controlled |
| 7 | Minas-Rio | ~24.7 | — | Brazil; subset of Anglo 60.8 Mt |
| 8 | LKAB | 25.9 | — | Sweden; products delivered |
| 9 | Cleveland-Cliffs | ~38 | — | US pellets nameplate ~38 Mt class |
| 10 | CSN Mineração | ~30 | — | Brazil; ~30 Mt scale |
Big four snapshot
| Company | Output (Mt) | Shipments (Mt) | Q4 2025 |
|---|---|---|---|
| Vale | 336.1 | 314.4 | Output 90.4 (+6%) |
| Rio (Pilbara) | 327.3 | 326.0 | Output 89.7 (+4%) |
| BHP (WA) | ~292 | — | H2 FY2026 run-rate 147 Mt equity |
| Fortescue | — | 198.4 | FY2026 guide 195–205 Mt |
How we ranked
Primary sort is 2025 disclosed output or shipments; Kumba / Minas-Rio overlap with Anglo is noted. Board defaults to S–D.
| Source | When | Used for |
|---|---|---|
| Mining.com · Vale 2025 | 2026-01 | Vale / Rio totals |
| China Metallurgical News | 2026-02 | Big four Chinese summary |
| Anglo Q4 2025 | 2026 | 60.8 Mt premium iron ore |
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