Insight
China: An update on key iron ore cost drivers
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Report summary
Our research on 106 iron ore assets shows China's average total cash cost has increased slightly by 0.7% year-on-year in 2013 to US$82/tonne. C1 cash costs have increased 5% although this has been offset by a 12% reduction in royalties and levies. The key cost drivers that had an upward pressure on costs were increased salaries and further appreciation of the Chinese currency. Also helping moderate the cost increase was a decline in diesel prices and a roll-over of electricity tariffs for...
Table of contents
- Executive summary
-
China iron ore cost movements
- Diesel and electricity
- Labour
- Consumables
- Grey costs and overheads
- Outlook for China iron ore mine cost
Tables and charts
This report includes 9 images and tables including:
- Average change in total cash cost by province
- Summary of cost changes 2012-2013
- 2013 China cost curve by company type (US$/dmt 62% Fe equivalent)
- Raw ore grade at new projects below average
- Cost outlook* and exchange rate
- China: Weighted average total cash cost components
- China: An update on key iron ore cost drivers: Image 9
- Iron ore industry salaries have grown rapidly
- China labour costs to increase further
What's included
This report contains:
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