China Iron Ore Mining Market Analysis including Reserves, Production, Production Forecasts, Operating, Developing and Exploration Assets, Key Players and the Fiscal Regime including Taxes and Royalties, 2020-2025
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China produced 123.4Mt of iron ore in 2020, up by 10.3% over 2019, this was growth was mainly supported by the resumption of mine production from March after the easing of COVID-19 restrictions. GlobalData predicts China’s production to grow relatively flat at a CAGR of 1.5% between 2021-2025, due to the elimination of inefficient steel capacities, and in line with the government’s long-term environmental commitment. China produces low-grade iron ore and relies for on imports for 70% of its domestic demand. The country is the world’s largest iron ore consumer and steel producer, at 1,340Mt and 1,053Mt respectively in 2020. The consumption grew by 4.3%, on the back of strong growth of 5.7% in its steel output in 2020 over 2019. Better control over the COVID-19 outbreak and policy support for the housing, infrastructure and manufacturing industries supported the country’s steel production during the year. The country’s mining industry is governed by the State Council, which controls the ownership of minerals and ensures the rational development and utilization of mineral resources.
Scope
The report analyses China’s iron ore mining industry, with details of reserves, production, consumption trends and forecasts, the competitive landscape and listing of the major active, exploration and development projects. Adding more, there’s detailed analysis of factors effecting demand for China’s iron ore.
Reasons to Buy
Comprehensive evaluation of the impact of COVID-19 on China’s iron ore industry
To understand historical and forecast trend on the country’s iron ore production, consumption and imports
Track latest company developments
To understand the impact of trade relation between China and Australia over China’s iron ore imports
To gain an understanding on the iron ore prices
HBIS Group Co. Ltd
Aowei Holding Ltd
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