| Abstract: |
The latest report released by the United Nations Conference on Trade and Development (Unctad) on Friday found that world production of iron-ore fell by 6,2% in 2009 to 1,59-billion tons, while demand, driven by Asian giant China, increased.
The report, dubbed 'Iron-Ore Market 2009 to 2011', showed that output of the commodity decreased in most producing countries, except for the two southern cousins, South Africa and Australia. |