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    Jan 16, 2020· China has the world’s fourth-largest iron ore reserves, but its stock is mostly low grade and needs costly processing to extract a useful amount of metallic iron. It is further hindered by a reliance on foreign mining equipment and a dearth of advanced techniques like remote and unmanned mining.

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    China, Brazil, Australia, Russia, and Ukraine are the five biggest producers of iron ore, but significant amounts are also mined in India, the United States, Canada, and Kazakhstan. Together, these nine countries produce 80 percent of the world’s iron ore.

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