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Africa excluding South Africa has iron ore reserve estimated at over 34 billion tons or some 15 percent of the world s total with 11 countries having reserve greater than one billion tons The ore is distributed with percent in Northern Africa 40% in Western Africa % in Central Africa and % in Eastern and Southern Africa

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· As iron ore and steel prices have skyrocketed in the last year demand could soon lessen depending on the Biden administration s actions A potential infrastructure bill would bring investment into America s steel mills to build supply for the future and any walkbalk on the Trump administration s 2021 tariffs on imported steel could further soften supply constraints

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