Iron Ore Spikes in China Imports

Customs data shows how China’s imports of iron ore in the recent months have increased extensively breaking a 16 month high record.

Although it is already recognized globally as the world’s biggest importer of iron ore, China was listed as importing 104.96m tonnes in November which was a huge 14.6% increase than just the month before in October where it imported 91.61m tonnes.

Data from customs shows that China has imported a total of 1.04b tonnes of iron ore from Jan-November 2021.