LKAB’s Growth Strategy
LKAB will grow with its customers to be a significant supplier to each of them. As global demand for iron ore increases LKAB will meet its customers demand for increased deliveries. Growth strengthens LKAB’s long-term competitiveness.
LKAB’s delivery capacity has increased to 30 million tons since the turn of the century following major investments in ore processing, production and logistics. The company is now focusing on R&D to maximize production, new mines and prospecting for new ore deposits. The new main levels in Kiruna and Malmberget and the three open pit mines in Svappavaara are crucial for LKAB’s growth strategy. The objective is future annual deliveries of 35–40 million tons of finished iron ore products.