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South Africa Overtakes India as China’s Number 3 Iron Ore Supplier
Jan. 21, 2013 03:14PM PST
Base Metals Investing Mining Weekly reported that South Africa is now the number 3 iron ore supplier for China, providing roughly 40.6 million tons in 2012, which was 12% higher compared to 2011.
Mining Weekly reported that South Africa is now the number 3 iron ore supplier for China, providing roughly 40.6 million tons in 2012, which was 12% higher compared to 2011.
As quoted in the market news:
Supplies from India amounted to 10.6% of China’s total imports in 2011, but were already disrupted by a mining ban in Karnataka, India’s biggest iron-ore producing state.
India’s share of total imports into China has been in steady decline for several years, falling from 23% in 2006 to just 4.4% last year.
