Our iron ore is hematite. Hematite is a reddish-brown iron oxide mineral with the chemical formula Fe2O3. Hematite ores in Nigeria usually contain between 50% and 70% iron, making them ideal for iron ore production. Commodity 1 provides Iron ore directly from the mine site to the global market. There are no middlemen involved, only our staff on the ground. We strive to organize smooth and transparent transactions. We believe in building long-term relationships with our customers.
According to a report by the World Steel Association, global steel production is expected to reach 1.8 billion tons in 2025, from 1.6 billion tons in 2020. This increase in steel production will increase demand for iron ore. The global iron market is expected to grow at a CAGR of 4.5% between 2022 and 2027.
PACKAGING & DELIVERY
Packaging Details: LUMS
Port: Lagos Apapa Port, Nigeria
Bags: 50 kg
Container: 20 ft
Lead time:
Quantity (metric tons) 20 MT/Month 1000 MT/Month
Lead time (days) 30 Days 30 Days
Shipload : The shipload quantity is available every four months.
CHEMICAL COMPOSITION ANALYSIS
Element Chemical Symbol Typical Concentration (% by weight)
Iron Fe 65-75
Silicon dioxide SiO2 0-25
Aluminum oxide Al2O3 0-15
Titanium dioxide TiO2 0-5
Manganese oxide MnO 0-3
Phosphorus pentoxide P2O5 0-0.1
Iron ore composition varies slightly based on the source and what region of Nigeria it is collected. We encourage buyers to ask for a free sample for their own composition analysis and evaluation of ready-to-ship material. Samples are free of cost, but buyers should arrange with a courier service of their choice to pick up a free sample.
