Base Metals

Mineweb reported that Iron ore exports to China through Australia’s Port Hedland rose three percent in March from February.

Mineweb reported that Iron ore exports to China through Australia’s Port Hedland rose three percent in March from February.

As quoted in the market news,

The shipments climbed to 31.24 million tonnes in March versus 30.25 million in February from Port Hedland, which handles about a fifth of the world’s seaborne trade in iron ore, according to Pilbara Ports Authority.

While the rise is partly attributable to fewer shipping days in February, it also underscores efforts by Australian miners to displace China’s domestic production of iron ore.

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