Jul 28 2020018332Communist China is a major buyer of iron ore the commodity used to make steel Australias biggest trading partner last year bought 65billion worth of iron ore.
May 14 2020018332The federal government and industry figures believe other agriculture sectors including wine dairy and seafood remain vulnerable to further trade strikes but Australias largest exports coal iron ore and LNG worth 80 billion a year remain relatively secure.
Jul 25 2020018332Australian iron ore exports to China rose 8 per cent to A992 billion US7 billion in June the highest monthly export value on record according to.
Jul 21 2020018332Australian mining giant Rio Tinto reported a 3 per cent rise in total iron ore exports largely due to stronger demand from China China requires more steel to help its push for more infrastructure.
Exports of Iron Ore amp Concentrates in Australia decreased to 9034 AUD Million in July from 9974 AUD Million in June of 2020 Exports of Iron Ore amp Concentrates in Australia averaged 217378 AUD Million from 1988 until 2020 reaching an all time high of 9974 AUD Million in June of 2020 and a record low of 108 AUD Million in December of 1988.
Around 80 per cent of Australias iron ore exports are sent to ChinaSupplied Fortescue Metals Group.
Sep 25 2020018332According to the shipbroker in the first 8 months of 2020 total Australia iron ore exports amounted to at least 5855 mln tonnes according to Refinitiv vessel tracking data This represents a.
Jul 27 2020018332Australian exports for the metal reached 1017 billion in the 201920 financial year smashing the previous annual export benchmark of 775 billion which was also set by iron ore in the 201819 financial year.
Aug 17 2020018332There are a few people in the iron ore industry wondering if the size of the fall was a hint of Chinese reprisals against Australia much in the way China imposed high tariffs on Australian barley exports Australias iron ore shipments to China from the hub of Port Hedland fell 175 to 381 million tonnes in July from the previous month.
Jun 25 2020018332Chinas appetite for Australian iron ore will remain near record levels this year but analysts say Beijing wants to diversify source markets in the long term Australias iron ore exports.
2 days ago018332Iron ore and coal exports will carry the economy through to the end of June with Treasury recasting its commodity price forecasts while warning of ongoing damage to.
1 day ago018332Iron ore exports have reached new highs in the last two months on the back of strong demand from China Export shipments of iron ore in September were four.
Jul 07 2020018332Although China did impose new import procedures that could potentially hold up shipments Australian iron ore exports to China have actually been rising and a Chinese ban on Australian iron ore is generally thought of as unlikely given Chinas dependence on the worlds largest producer for this key commodity.
May 21 2020018332Australias nascent trade war with China is threatening to spill over to its most valuable export iron ore with Chinas customs officials imposing new inspection procedures and rules.
Oct 06 2020018332Iron ore prices are expected to remain higher for longer according to Treasury consultation that says Chinese hunger for Australias most valuable export.
Jul 02 2019018332At the same time Australian exports are hitting records with shipments leaving the busiest iron ore terminal in the world Port Hedland in Western Australia.
Iron ore is forecast to be the first Australian commodity to hit 100 billion in export earnings in a year According to a report in T he Australian Australia could see a 28 annual lift in iron.
Data for July showed exports fell more than 17 to 3814 million tonnes from Junes record 4618 million leading some commentators and analysts to speculate that China was cutting imports of Australian iron ore to punish the country in the same way that the duties on Australian barley imports and antidumping investigations against.
Jun 30 2019018332Iron ore exports from Australia are set to post the first annual drop in almost two decades following bad weather and output setbacks worsening a global.
Around 80 per cent of Australias iron ore exports are sent to ChinaSupplied Fortescue Metals GroupIn the aftermath of the global financial crisis as Rio Tinto was drowning in a sea of debt.
Aug 26 2020018332Iron ore exports to China fell 12 or A111 billion to A812 billion while coal exports to the country fell 42 or A653 million Preliminary figures from the Australian Bureau of Statistics show the overall value of exports declined by A196 billion or 6 to A291 billion.
Mar 19 2020018332Iron ore is easily Australias most lucrative export industry and local miners have repeatedly benefited from the problems that have plagued Vale over the past 15 months.
Feb 12 2020018332Australia exports more than 60bn a year worth of iron ore to China and the industry is a major source of tax revenue A fall in volumes and price will hurt Australias budget bottom line.
Jul 21 2020018332Iron ore has passed US100 a tonne and is kicking the coronavirus pandemic in the guts BHP a leading global resources company has reported its biggestever quarterly output of iron ore from its Western Australian minesIt had shipped 76 million tonnes of the steelmaking commodity from its operations in the Pilbara region during the three months to June 30 up from 71 million tonnes a year.
Apr 09 2018018332China is the end destination for around 80 to 85 of all Australian iron ore exports Continued demand for Australia iron ore suggests that Chinese iron ore.
Jun 24 2020018332Iron ore smelter International sales of iron ore exported by country totaled US1225 billion in 2019 increasing by 742 since 2015 when iron ore shipments were valued at 703 billion and expanding 303 from 2018 to 2019 From a continental perspective Oceania mostly Australia sold the greatest amount of exported iron ore at 538 of the global total.
May 21 2020018332The Australian government and our major iron ore producers are desperate to characterise Chinas decision to change its iron ore customs procedures as.
Dec 31 2018018332The Office of the Chief Economist reported Australias iron ore 2018 exports at 835 Mt a 1 increase on 2017 figures of 827 Mt 14 China Japan and Korea remain major importers of Australias iron ore products The Office of the Chief Economist projects that iron ore exports will continue to increase reaching 996 Mt in 202425 15 This.