The weighted average ex-mine total cash cost of Chinese iron ore producers is now US$72/dmt for 2015, US$16/dmt lower than 2014. The drop is mainly because 62 million tonnes high cost private mines closed in 2014. Another 45 million tonnes will leave market in 2015. Most of these are small private mines in contestable market and subject to seaborne competition.
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Insight | Jun 2015
China iron ore cost curve H1 2015
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