Group 1: Global Iron Ore Market Overview - In 2024, global iron ore shipments are expected to total 158.745 million tons, representing a year-on-year increase of 1.5% [1] - Non-mainstream mines' shipments are projected to reach 27.406 million tons, up 6.2% year-on-year, accounting for 17.3% of the total global shipments [1] - The marginal output from non-mainstream mines is highly price-sensitive, serving as a price indicator and an important reference for market supply changes [1] Group 2: Onslow Iron Ore Project - The Onslow Iron Ore Project, developed by Mineral Resources Limited, Baowu Steel, AMCI, and POSCO, has a proven ore reserve of 359 million tons with an iron grade of 57.5% [2] - The project aims for an annual production capacity of 35 million tons and has signed long-term purchase agreements covering 50% to 75% of Mineral Resources Limited's equity [3] - The project commenced production in May 2024, with a cumulative output of 6.7 million tons expected in 2024 and a guidance production of 14.91 to 15.26 million tons for FY2025 [4] Group 3: Liberia Phase II Expansion Project - The Liberia Phase II Expansion Project, led by ArcelorMittal, aims to increase the Yekepa mine's capacity from 5 million tons to 20 million tons annually [5] - The project includes significant upgrades to existing rail infrastructure to support increased transport capacity from 4 million tons to 30 million tons per year [5] - By Q2 2025, the project is expected to reach a capacity of 1.5 million tons per year, increasing to 2 million tons by the end of the year [7] Group 4: Tonkolili Iron Ore Phase II Expansion Project - The Tonkolili Iron Ore Phase II Expansion Project in Sierra Leone aims to enhance mining capacity and processing capabilities, targeting an annual processing capacity of 12 million tons [8][9] - The project is expected to start production in May 2024, with an estimated annual output of 1.785 million tons in 2025, contributing an additional 945,000 tons [10] Group 5: Fenix Resources Expansion Plans - Fenix Resources is expanding its market share in Western Australia through the acquisition of the Shine mine and the advancement of the Beebyn-W11 project [11] - The Shine Iron Ore Project is expected to produce 120,000 tons in 2025, with an additional capacity of 86,000 tons [13] - The Beebyn-W11 project will contribute approximately 200,000 tons of new capacity in 2025, with a design capacity of 150,000 tons [14] Group 6: McPhee Creek Project - The McPhee Creek Project, developed by Atlas Iron, aims for an annual production capacity of 9.5 to 9.7 million tons, with an expected new capacity of 240,000 tons in 2025 [15][16] - The project is set to begin operations in June 2025, following upgrades to existing transport infrastructure [16] Group 7: Nimba High-Grade Iron Ore Project - The Nimba High-Grade Iron Ore Project, led by Ivanhoe Atlantic, features iron grades between 63% and 67.8% and aims for an initial production capacity of 200,000 tons in 2025 [17][18] - The project is expected to ramp up production to 3 million tons over the following 5 to 7 years, with an estimated additional output of 20,000 tons in 2025 [18]