South Africa Overtakes India as China’s Number 3 Iron Ore Supplier

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.

Click here to read the full Mining Weekly report.

Get the Latest Iron Investing Stock Information

Get the latest information about companies associated with Iron Investing delivered directly to your inbox.

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

“Do You Want To Know which Base Metal to Invest in 2017?”

Find out everything an investor needs to know about base metals with our all-in-one FREE market report on base metals investments.   Get My Free Report

Leave a Reply