Iron Ore

All news and posts of our editorial team on the topic

China advances iron ore project
The government of Guinea has announced plans to develop the Simandou iron ore mine. The mountain range in southern Guinea is believed to contain the largest untapped deposit of high-grade iron ore. The mine could thus become the largest on the continent. A port and rail infrastructure are also planned. Commodity companies Rio Tinto and […] continue reading →
Expensive raw materials jeopardize growth
The prices for iron ore, metals or crude oil keep rising. China is one of the largest importers and consumers of these raw materials. Many companies pass on the increased prices to their customers. Inflation is rising and small producers are perishing from the price increase. The government is beginning to take countermeasures and is throwing strategic reserves onto the market. continue reading →
Steel exports increase by 20 percent
China exported around 5.3 million tons of steel in May, 19.8 percent more than in the same month last year. This is according to figures from the Chinese customs administration. According to the data, the cumulative steel export volume from January to May reached 30.9 million tons, which corresponds to a year-on-year increase of 23.7 […] continue reading →
Foreign trade grows less than expected
China’s foreign trade increased strongly in May. As the Beijing customs authority announced on Monday, exports rose by 27.9 percent compared to May of the previous year to $263.9 billion (about €216.9 billion). Imports even increased by 51.1 percent – as strongly as they last did ten years ago. They now amount to $218.4 billion. […] continue reading →
Competition for the Arctic – China’s ice-cold plans
Climate change is bringing a new region into the focus of geopolitics: the Arctic. Long covered by meters of ice, its raw materials are now arousing desires. China, too, wants to get involved as a major power and incorporate the region as the Polar Silk Road into President Xi Jinping's prestige project. But it won't be quite that easy. continue reading →
MEE tightens guidelines for environmentally harmful projects
Beijing plans to tighten controls in industries that consume a particularly large amount of energy and produce a lot of emissions. The goal is to advance low-carbon developments in the country, as the Ministry of the Environment announced on Monday. Reuters news agency reports that control in industries such as steel and aluminum should be […] continue reading →
Quarrel with Australia: Beijing develops ore mines in Guinea
The steel industry has a large share of China's rapid growth. The country is the largest importer of iron ore. However, China obtains the raw material primarily from Australia, a country with which the People's Republic has been in conflict for more than a year. Beijing is now looking primarily to Guinea in West Africa to diversify its sources. But the situation there is difficult. With no quick alternative, Australia and China will have to come to an agreement in the foreseeable future. They just can't get along without each other. continue reading →
Conflict with Australia: foretaste for EU
The crisis between Australia and China has come to a head. It's about geostrategic interests, influence, punitive tariffs, and the promising 5G technology. The former harmonious relationship has turned into an open rivalry. It is a conflict whose course Europe should watch closely because it all started with similar disagreements as the EU currently has with Beijing. continue reading →
Tariffs for steel products lifted
Beijing has announced that it will cut import taxes on materials used to make steel products. Import duties on raw iron, steel scrap, and semi-finished products will be eliminated as early as May 1, the Ministry of Finance announced yesterday on its website. Beijing wants to use the resulting market pressure to force Chinese producers […] continue reading →