Australia's $6 Trillion Iron Ore Discovery Set to Transform Global Markets

An abundance of high-quality iron ore and the recent discovery of a 55 billion metric ton reserve have pushed Western Australia into the top spot as the world’s leading iron ore supplier. Now, many are wondering what effects this might have on the country’s export markets as well as global iron ore prices. Iron Ore Prices: A $6 Trillion Discovery The newly identified reserve in the Hamersley region is valued at around US $6 trillion and has significantly shaken up the global sector. Experts now expect a surge in investment from major…