Iron Ore General comments on copper, lead, tin and zinc

Latin America possesses abundant reserves of iron ore. In the year 1948, a very conservative estimate placed these reserves at 37,166 million tons of metal content of commercially exploitable ores, or say, approximately 18,6 per cent of the world reserves. This does not take into account recent discoveries in Venezuela (at least 1,000 million tons) and in El Salvador, the extent of which are not yet definitely known. In contrast to these figures, the 1948 pig-iron production represented only 0,7 per cent of the world total.

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