Iron Ore Supply: Present and Future
I N THE preceding paper we have learned about Canada's resources of metallurgical coal. There is an adequate amount in Nova Scotia, a very large reserve on the eastern flank of the Rocky mountains, and a strictly limited supply on the Pacific coast. Added to these is an unknown quantity of coking coal in the Peace River district, at present rather isolated but possibly capable of industrial development in the future. The chief use of metallurgical coal is to make iron and steel. For this, an adequate supply of iron ore is required. So we should now scan the Canadian supply of iron ore, the possibility of its increasing use at home, and the probable markets abroad. Trade in iron ore tends to be international, as is the case with many other raw materials. The present tendency with iron and steel, in contrast, is to keep its manufacture within national boundaries, and there is no evidence that this will change much in the years to come. We should keep these two points clearly in mind when considering the disposal of iron ore from Canadian mines. We should remember, also, that the modern blast furnace and steel plant has such a large output that a correspondingly large population, reasonably compact, is needed to consume its products.
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