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China iron ore cost curve H2 2014


China iron ore cost curve H2 2014

Report summary

Chinese iron ore producers average total cash cost have reduced to US$87/dmt from US$92/dmt in April. Local government tax cuts (grey costs) are the main reason. Our China producers' ex-mine total cash cost curve shows 119 Mtpa private mines are at risk of closure in coming years. Chinese producers' costs can be cut by a further 10% via aggressive labour cost control and removal of all grey costs. 

What's included?

This report includes 2 file(s)

  • China iron ore cost curve H2 2014 PDF - 504.70 KB 5 Pages, 0 Tables, 5 Figures
  • china cost curve October.xls XLS - 286.00 KB

Description

This Metals Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For industry participants and advisors who want to look at the trends, risks and issues surrounding this topic, this report gives you an expert point of view to help inform your decision making.

Our analysts are based in the markets they analyse and work with high-quality proprietary data to provide consistent and reliable insight.

We provide unique in-depth analysis of the metals supply industry so you can make confident strategic decisions.

  • Executive Summary
  • China iron ore cost curve
  • Potential for further cost cuts
  • Appendix: China full cost curve methodology

In this report there are 5 tables or charts, including:

  • Executive Summary
  • China iron ore cost curve
    • 2014 China ex-mine total cash cost curve - US$/dmt 62% Fe equivalent
    • Average total cash cost
  • Potential for further cost cuts
    • China iron ore mine cost structure
    • Potential cost cut - US$/dmt 62% Fe equivalent
  • Appendix: China full cost curve methodology
    • China iron ore cost and production by segments
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