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Iron Ore Mining in Colorado

Author.Name IBISWorld United States Last Updated: April 2025 NAICS CO21221

Iron Ore Mining in Colorado industry analysis

The Iron Ore Mining industry in Colorado is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has decreased an annualized -x.x% to xx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to decline an annualized -x.x% to $x.x million, while the national industry is expected to decline -x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x.x% to xx workers, while industry wages are forecast to decrease -x% to $x.x million.

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About the Iron Ore Mining in Colorado Market Research Report

What’s Included in the Iron Ore Mining in Colorado Market Research Report

Definition of the Iron Ore Mining in Colorado?

Companies in this industry mine iron-bearing ores. In addition to ore extraction, mining includes the development of mine sites and the processing of ore into a concentrated or pellet form. Iron ore and iron ore pellets are then sold as an input for blast-furnace steel production; refer to IBISWorld report 33111 for more information.

What’s included in the Iron Ore Mining in Colorado?

The Iron Ore Mining in Colorado includes iron ore mining and iron ore beneficiating. Related terms covered in the Iron Ore Mining in Colorado industry report includes an iron-bearing, high-silica, flint-like rock. it typically contains between 20.0% and 30.0% iron and occurs in the mesabi range of northeastern minnesota, marble-sized balls of an iron ore and clay mixture, baked in a large furnace, the process of compressing or molding a material into the shape of a pellet and a variety of processes whereby ore extracted through mining is separated into mineral and gangue, the former suitable for further processing or direct use.

Industry Performance of the Iron Ore Mining industry in Colorado

Benchmark the Iron Ore Mining in Colorado industry performance with all CO county and national performance.

Iron Ore Mining in Colorado

#12 in Highest Revenue 2.8% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Iron Ore Mining in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Iron Ore Mining industry in Colorado

See how key industry drivers, such as population, median houshold income, house price index, world price of iron ore, demand from iron and steel manufacturing and industrial production index are impacting Iron Ore Mining in Colorado

Colorado Economic Indicators

Population
Median Houshold Income
House Price Index

View more economic information in CO State Economic profile

US Key External Drivers

World price of iron ore
Demand from iron and steel manufacturing
Industrial production index

For the full list of industry drivers, see report purchase options.

County Data of the Iron Ore Mining industry in Colorado

Key Statistics of the Iron Ore Mining industry in Colorado

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Iron Ore Mining industry in Colorado in 2025?

The market size of the Iron Ore Mining industry in Colorado is $148.8m in 2025.

How many businesses are there in the Iron Ore Mining industry in Colorado in 2025?

There are 1 businesses in the Iron Ore Mining industry in Colorado, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Iron Ore Mining industry in Colorado grown or declined over the past 5 years?

The market size of the Iron Ore Mining industry in Colorado has been growing at an average annual rate of 10.3% from 2020 to 2025.

How many employees in the Iron Ore Mining industry in Colorado in 2025?

There are 90 employees in the Iron Ore Mining industry in Colorado, which has been declining at an average annual rate of -3.8% from 2020 to 2025.