iron

Why Is China Importing So Much Iron?

Quartz's Gwynn Guilford reports that China's year-on-year imports surged to 10.9% in July at $168 billion and all because of iron ore imports, speculated to serve as collateral for bank loans: But wait—what exactly was...

Bigger Ships to Take Ore to China – Marianne Barriaux

From The Guardian: CVRD, the Brazilian mining group, is having the world’s largest ore carriers built to export iron ore to China as the latter’s insatiable demand for the raw materials to produce steel has pushed freight rates through the roof. The company, which last summer won the battle for Canada’s Inco with a bid […]

What China is Doing to Goa? – Sunita Narain

In Bhopal, India’s Central Chronicle, Indian environmentalist Sunita Narain writes an op-ed about the impact that China’s demand for iron ore is having on the economy, environment and people of the state of Goa: I wrote last fortnight about how mining in Goa for iron ore was ripping its forests and devastating its people. I […]

Andrew Trounson: BHP backs down in China

From the Australian: BHP Billiton, the world’s biggest mining company, was forced into a humiliating backdown yesterday, dropping its demands for a higher iron ore price in the face of an unprecedented campaign by Chinese steel mills and bureaucrats… But the new price marks a significant disappointment for BHP, which hoped to use soaring demand […]

David Lague and Wayne Arnold: China’s diplomatic war over ore

From the IHT: China is applying diplomatic pressure on Australia to keep the Melbourne-based BHP Billiton from doubling what Chinese steel makers pay for the company’s ore shipments… BHP is asking Chinese steel makers to pay almost 20 percent more for its iron ore than they agreed to pay its main competitors, Rio Tinto and […]

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