According to Statistics Canada, Canada's iron ore production in November 2024 amounted to 5,739,469 metric tons, marking a decrease of 13.2 percent from October 2024. This figure, however, represented a 14.6 percent increase compared to November 2023.
In terms of shipments, Canadian iron ore producers dispatched 3,954,791 metric tons of iron ore concentrates in November 2024, reflecting an 11.8 percent decline from the previous month. Despite this monthly dip, shipments were up by 11.8 percent from the same period in 2023.
As for inventories, Canadian producers' closing stock of iron ore concentrates stood at 9,480,824 metric tons in November 2024. This was a decrease from 9,739,754 metric tons in October 2024 but an increase from the 6,637,476 metric tons recorded in November 2023.