Iron ore

Metawise Group has a long history of providing high-grade iron ore to all over the world. We have large quantity of Hematite sourced from Drum Mountain (Utah, USA), Iron sands from Callao (Utah). Metawise Group is currently carrying out concept studies in Utah (USA) to determine the economic viability, feasibility, sustainability impacts and management implications of operations in this area.

About 98% of iron ore is used to make steel - one of the greatest inventions and most useful materials ever created. While the other uses for iron ore and iron are only a very small amount of the consumption, they provide excellent examples of the ingenuity and the multitude of uses that man can create from our natural resources. Powdered iron: used in metallurgy products, magnets, high-frequency cores, auto parts, catalyst. Radioactive iron: in medicine, tracer element in biochemical and metallurgical research. Iron blue: in paints, printing inks, plastics, cosmetics, artist colors, laundry blue, paper dyeing, fertilizer ingredient, baked enamel finishes for autos and appliances, industrial finishes. Black iron oxide: as pigment, in polishing compounds, metallurgy, medicine, magnetic inks, in ferrites for electronics industry. Major producers of iron ore include Australia, Brazil, China, Russia, and India.

In China, demand for iron ore will rise by as much as 55 million metric tonne, or up to 7%, in each of the next three to four years as Chinese steel output grows, a Goldman Sachs analyst said on Wednesday.

Chinese imports of iron-ore, the main ingredient in steel, will rise to 565 million metric tonne in 2010 from 386 million now. China, the world's largest steelmaker, is expected to buy 57% of the world's seaborne iron-ore exports in 2010, compared with about 50% now.