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Iron Ore: Owing to strong demand from China, Malaysia’s main iron-ore export destination, and with higher prices, output during the year increased by 17.8 per cent to 1,914,232 tonnes from 1,625,253 tonnes in 2015. They were produced from 41 mines located in Pahang, Johore, Perak, Kelantan, Kedah and Terengganu.
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Iron Ore (Fe) is mined in around 50 countries worldwide and used to make steel (buildings, cars, white goods etc.). Global economic growth is the primary factor that drives its supply and demand. When economies are growing, the need for steel in construction increases which drives the price up.
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Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (Fe 3 O 4, 72.4% Fe), hematite (Fe 2 O 3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH)·n(H 2 O), 55% Fe) or siderite (FeCO ...
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