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18 Pages

China iron ore supply summary

China iron ore supply summary

Report summary

China's iron ore total cash costs have continued to fall and are estimated to have reached an average of $US61/dmt in 2016. Domestic production has also declined as high cost producers have exited the market over the past 2 years. Costs are likely to stabilise in 2017 and then gradually rise as higher fuel costs impact. The declining trend in domestic production is expected to continue as China's iron ore industry remains fragmented, low grade and high cost and will be replaced with lower cost imports from Australia and Brazil. 

What's included?

This report includes 2 file(s)

  • China iron ore supply summary PDF - 845.65 KB 18 Pages, 3 Tables, 11 Figures
  • China country report.xls XLS - 771.00 KB


This Iron Ore Supply Summary report details key producers, production levels, costs and margins for iron ore assets in this country. It also analyses industry trends and themes, giving insight into future cost direction.

Industry participants, advisers and financial institutions can use this report to understand key country data in order to identify operational efficiency and competitive drives, as well as identify acquisition opportunities.

Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.

Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to create consistent and reliable analysis. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.

  • Executive summary
  • Location maps
  • Key companies
  • Geology
  • Quality
    • Raw ore Fe grade 2016
    • Product ore Fe grade 2016
  • Reserves and resources
  • Production
    • Anshan-Benxi region
    • East Hebei region
    • Lvliang-Taiyuan-Xinzhou region
    • Hanxing-Luzhong region
    • Baotou-Baiyunebo region
    • Anhui region
    • Hubei region
    • Panzhihua-Xichang region
  • Infrastructure
    • Domestic iron ore infrastructure
    • Imported iron ore infrastructure
  • Costs
    • Cash costs
      • 62% Fe adjusted CFR cost curve to Tianjin, Q4 2016
    • Capital costs
  • Margins
  • Fiscal terms
    • Taxes and Fees Imposed on Chinese Mining Companies
      • Standard taxes
      • Unstandardised Fees and Taxes
    • Standard Taxes
      • Iron Ore Resource Tax
      • Corporate Income Tax
      • Value Added Tax (VAT)
      • Education Tax
      • City Building Tax
    • Unstandardised taxes
      • Local Taxes and Fees

In this report there are 14 tables or charts, including:

  • Executive summary
  • Location maps
    • China iron ore producing regions
  • Key companies
    • Attributable marketable production by company - costed production
  • Geology
    • Geology
  • Quality
    • Quality: Image 1
    • Quality: Image 2
  • Reserves and resources
  • Production
    • Marketable production
    • Costed production by mine type
  • Infrastructure
    • Imported iron ore flows
  • Costs
    • Costs: Image 1
    • China full iron ore cost curve 2016
    • Capital costs
  • Margins
    • Average operating margin
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
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