Original article by Peter Ker
The Australian Financial Review – Page: 10 : 28-May-18
Australia now accounts for about 62 per cent of all iron ore shipments to China, compared with 43 per cent in 2010. He Ming of Wood Mackenzie forecasts that Australia’s iron ore exports to China will peak at 895 million tonnes in 2020 and 2021, before holding steady at around 884 million tonnes beyond 2023. Tony Robson of Global Mining Research expects Chinese steel mills’ demand for Australian iron ore to fall in coming years, as annual steel production peaks. Factors such as increased iron ore production in Brazil are also expected to weigh on Australian producers.
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