
21/06/2025
Geologists have discovered what is now believed to be the world’s largest iron ore deposit in Western Australia’s Hamersley region. Estimated at 55 billion metric tons of high-grade ore with iron concentrations over 60%, the deposit is valued at an astonishing \$6 trillion and is expected to significantly alter the landscape of global mining and trade, according to *Daily Galaxy*.
This discovery also challenges long-standing geological theories. Experts now believe the formation is around 1.4 billion years old—much younger than the previously estimated 2.2 billion years. The find is poised to influence global iron prices, boost Australia’s position in international markets, and shift economic dynamics among major iron consumers like China, India, and the U.S.
Mining companies are already racing to develop extraction technologies to tap into this massive resource, while environmental analysts are evaluating its long-term ecological impact.