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Geologists reveal the world’s largest iron deposit worth $6 trillion that could reshape the global economy
A colossal iron ore deposit buried deep beneath Western Australia has stunned scientists — with far-reaching consequences for global markets, industrial balance, and our understanding of Earth’s geology itself.
In one of the most significant geological discoveries in decades, researchers have identified a deposit in the remote Hamersley region that could rewrite both mining economics and Earth’s ancient history. Already renowned for its mineral wealth, Hamersley is now home to what experts describe as the largest iron ore formation ever found — an estimated 55 billion metric tons of ore with iron content exceeding 60%.
Valued at roughly $6 trillion, this discovery could shift global trade dynamics and even challenge existing theories about how mineral-rich layers formed deep in Earth’s crust.
BHP Stock Today: January 26 Pilbara $6T Iron Find Reshapes Outlook
BHP stock is in focus after reports of a vast, high‑grade Pilbara iron ore endowment that could shape long‑term supply. We examine what this means for BHP stock on 26 January 2026, including price action, valuation, and risks. Shares last closed at A$64.97, near the year high of A$67.56. With iron ore prices central to earnings, we outline scenarios for Pilbara iron ore and how China demand, capex, and approvals may shift the outlook ahead of results on 16 Feb 2026.
A new analysis highlights ~55 billion tonnes of >60% Fe ore across WA’s Hamersley/Pilbara, valued near $6 trillion at current prices. That scale could extend Australia’s supply leadership and attract fresh capital over time. While resource definition and timelines remain uncertain, the headline figure underpins long‑duration optionality for majors. See coverage from Futura Sciences.
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The Pilbara is an iron ore powerhouse but other riches lurk under the surface
The Pilbara hosts gold, lithium and copper resources in underexplored regions. PIc: Getty Images
When one talks about the Pilbara’s mineral wealth, one typically thinks of iron ore, with the red dirt in WA’s north accounting for more than half of our $230 billion resources export industry.
But dig deeper and it’s not the only mineral the Pilbara hides between its auburn soil.
The giant mineral province is also known to host rich deposits of gold, lithium and copper.
De Grey Mining’s landmark 11.2Moz Hemi gold discovery played a key role in shifting the market’s expectations. The intrusion-hosted deposit now owned by Northern Star Resources (ASX:NST) parked off a mini rush to find similar deposits in the region in 2020.
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