china 39s biggest iron ore customer says mining boom not over

Dec 14, 2020· “Iron oreprices are close to the peak prices we saw during themining boom, which is remarkable considering economic conditions and the fact thatChina’s economy isnot…

The head ofChina’s largest iron ore customer toldAustralian Trade Minister Andrew Robbthat the mining boom is not over and thatdemand for ore will remain strong, The Australian reported.

Aug 31, 2020· Wine, cheese, meat and barley have all been caught up in trade tensions between Beijing and Canberra, butChinastill accounts for 80 per cent of Australia'siron ore…

Mar 05, 2020·Chinais close to giving the go-ahead for some of itsbiggeststate-owned companies to develop the giant Simandouiron oremine in Guinea, potentially …

Jul 14, 2020· Theiron ore boompowering the profits of the world’sbiggest miningcompanies is showing no sign of fading thanks to stronger-than-expected Chinese steel demand.

Apr 16, 2020· Those minerals include lithium, cobalt, copper,ironand aluminum. More than 70% of rare-earth elements are now mined by Chinese-controlled companies or inChina…

Sep 03, 2020·Chinais easily thebiggestbuyer of Australia's most lucrative export commodity, being the source of 68 per cent of Australia'siron oreexport earningsoverthe past year.

Sep 03, 2020·Iron oreprice rally continues afterChina’s manufacturing sector hits levels last seen January 2011 and $680 billion infrastructure spending accelerates.Chinafactory, buildingboomsendsiron...

Oct 18, 2019· A Chinese state-owned entity will seek to revive a $9.7 billionminingrail and port project in Western Australia, in a move that could unlock the nation's nextiron oreexport province.

Dec 20, 2020· Australia upgraded its forecast for earnings fromminingand energy exports in the 2021 financial year as boomingiron oreprices boost the coffers of the world’stopproducer.

Sep 19, 2012· BHP Billiton Ltd., the world’sbiggest miningcompany, said the pace ofiron oredemand fromChina, thebiggestimporter, has slowed by more than half.

Dec 09, 2020·Mininggiant Fortescuesays iron orestockpiles at Chinese ports are projected to shrink to a four-year low during the first quarter of 2021, fuelling even stronger demand for Australia'stop...

Aug 30, 2020· A twin-speed economy is developing in Australia and posing a challenge for the central bank, as Chinese demand foriron orebuoys the resource-rich …

Brazil is the nextlargestsupplier ofiron oretoChina, but has its own slate of issues. In January 2019, a deadly dam disaster at a Valeiron oresite led the Brazilianmininggiant to halt ...

Will Glasgow 5.15am: Beijing demands ‘please explain’ oniron oreprices . Australia’slargest miningcompanies — BHP and Rio Tinto — have been asked to explain to Chinese steel ...

Jul 28, 2018· Exports are dominated by two countries, imports by three. And everything revolves aroundChina. By MC01, a frequent commenter on WOLF STREET:.China’s phenomenal and somewhat worrying rise as thetopsteel producer in the world has fueled an absolutely unprecedentedboomin the trade ofiron ore. The latest data available (2016) put the worldwide seaborne dry bulk trade at 4,553 million ...

May 27, 2009· The deal with Japan is evidence that themining boomhas bust and there's speculation thatChina, the world'sbiggest iron ore customer, now has the upper hand and will argue for …

Apr 03, 2018· The commodityboomof 2004–2012 transformed the fortunes of theminingindustry. It also catalysed some important changes in the industry, changes which are likely to have long-lasting effects. These changes include a decisive shift in thecustomerbase of the industry towards emerging economies, particularly those in Asia; a move away from contract pricing towards spot pricing …

Sep 08, 2014·Iron oreprices may tumble a further 15 percent and stay low for as long as three years as expansions add to a global surplus, according to former BHP Billiton Ltd. executive Alberto Calderon.

Dec 15, 2020· Although A$4 billion of A$13 billion ($3 billion of $9.8 billion) in thermal coal exports went toChina, it wasnotAustralia'slargest customer, said Morrison, adding any restrictions on ...

May 21, 2015· Japan, Australia'sbiggest iron ore customerbeforeChina, cultivated Vale as an alternative supplier in the late 1970s, partly because of anxiety about our reliability – unions gripped the ...

Aug 14, 2009· Together the two control about 75% of the world'siron ore, whichChina's steelmakers consume ravenously. "That deal isChina's worst nightmare,"saysan investment-banking source with close ties to the globalminingindustry. (See pictures ofChina's infrastructureboom.)China's response is …

Dec 11, 2020·Iron oreproducer Vale SA VALE, -2.13% in Brazil hasnotbeen able to ramp up production following its dam failure in 2019, “constricting supply elasticity,” and contributing to the metal’s ...

China's steelmaking industry, so tightly linked to the share-price valuations ofminingconcerns and dry-bulk shipping lines, has transmitted some worrisome signals, according to observers.

Chinais irrelevant toiron oretrade — aggregate demand across the globe is what matters. If demand drops inChinaand doesn’t increase elsewhere to compensate then, yes, overall dirt exports ...

Those mines made money wheniron oreprices were above $150 tonne, butnotany more with prices dropping to around $70. Initially, the community pinned its hopes on the Wabush mine being sold and ...

Apr 03, 2018· The commodityboomof 2004–2012 transformed the fortunes of theminingindustry. It also catalysed some important changes in the industry, changes which are likely to have long-lasting effects. These changes include a decisive shift in thecustomerbase of the industry towards emerging economies, particularly those in Asia; a move away from contract pricing towards spot pricing …

The price ofiron ore{.IO62-CNI=SI} traded as high as $180 a tonne a year ago, but plummeted to a 3-year low of $86 earlier this month as demand inChinafell before scrambling above $100.

Dec 18, 2020· Aug. 7: Fortescue Metals Groupsaysit will review its plans at aniron oremine in Western Australia after an Indigenous group said a planned expansion threatened sacred sites, including a 60,000 ...

May 21, 2015· Japan, Australia'sbiggest iron ore customerbeforeChina, cultivated Vale as an alternative supplier in the late 1970s, partly because of anxiety about our reliability – unions gripped the ...

Sep 05, 2012· Magnate RinehartsaysAustraliatoo expensive for mining. 3 Min Read ...mining boomin the face of weaker demand from maincustomer Chinaand tumbling prices ofiron ore, its singlebiggest...

Australianmininggiants Rio Tinto and Fortescue Metals Group have joined BHP Group in reporting record shipments ofiron ore, the bulk of it toChina, as an infrastructure and property ...

Mar 31, 2010·Notonly did the behemoth Australianminingconcern hike itsiron-oreprice by 90% from 2009, it also, in combination with similar moves by Brazil's Vale ( VALE ) - Get Report

Feb 28, 2019· To be clear,notonly was theiron oreprice set annually but the majorcustomerrepresented its interests through a cartel. Understandably, …