Iron: the fourth most abundant element on earth

Iron is the fourth most abundant element in the Earth's crust, and is found as an ore called Magnetite. Iron is crucial for creating steel, which is required for countries which are undergoing industrialization.

While we humans mine a lot of sophisticated metals like Aluminum and Titanium, Iron forms the skeleton of modern infrastructure.

• As the tools to produce steel got refined, they were made more energy efficient and produced higher-quality steel.
• The production of finished iron in 2018 is 1.8 million metric tonnes, as compared to 800,000 metric tonnes in the 18th century. China accounts for one of the leading ...