Considered one of the largest iron ore miners in Western Australia, Fortescue Metals Group is a global player in the iron ore industry. The company has its operations focused in the Pilbara region of Western Australia, where it operates some of its flagship iron ore assets. They also showed an increase of about 18% in their net profit after tax. The robust market cap and consistent dividends of Fortescue make it one of the best iron ore stocks to consider while investing. Their stock market experienced an increase of around 7.7% only in the year of 2024.

Fortescue Metals Group is also known for producing high-grade iron ore, which is a sought-after material for steel production. With its focus on innovation and sustainable practices, the company is heavily focused on reducing its carbon footprint and expanding its green energy initiatives.

Grange Resources is another iron ore miner, who is a key player in Australia’s iron ore sector. They have their crown jewel project located at Savage River operations in Tasmania. This multinational mining company operates in producing top quality iron ore pellets which is a form of iron ore that is used in steel production.

Grange Resources is known to have a stable mine life and low cash costs. Over the past year with the fluctuations under consideration, the company made a 26% decline in their operations. This makes them a lucrative investment opportunity for investors. The company’s operations are focused on supplying to the growing Asian market, specifically to the Chinese economy, ensuring strong demand for its iron ore products.

Mount Gibson Iron is another large company in the Australian iron ore industry, primarily focused on iron ore production in the northwest of Australia. The company operates several mines, including the Shine Iron Ore Project. They also have a strong presence in the export market where they increase their produce exchange activities.

Mount Gibson gains a lot from the supply chain network of Australian iron ore present worldwide and it has a strong track record of maintaining its revenue even during crucial periods of fluctuating share prices. Its investment in the research and development of advanced extraction projects and its efficient mining services make it a solid choice for investors seeking exposure to iron ore stocks. They made a net profit after tax of $6.5 million in their last financial year. This revenue is significant for the company's growth.

Other major players in the industry include the Champion Iron. Through its subsidiary Quebec Iron Ore, Champion iron owns one of the biggest natural mineral resources the Bloom Lake mine. Through this project, Champion Iron is planning to extract first-grade iron ore. Hawsons iron, is one of the world's leading underdeveloped iron ore producers who is mainly focused on mining high-quality iron ore and other minerals to enhance various sectors of the industry. These operations drive the iron ore price in the market.