Insight
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7 Pages

Chinese iron ore mines closing, with even more to come


Chinese iron ore mines closing, with even more to come

Report summary

We estimate approximately 50 million tonnes of China's contestable iron ore supply has closed. While not an insignificant number, this is less than what the cost curve indicates should have closed. But with the typical lagged response to price, and more than half of China's contestable iron ore supply losing money at current prices, we anticipate an acceleration in closures ahead.

What's included?

This report includes 2 file(s)

  • Chinese iron ore mines closing, with even more to come PDF - 603.28 KB 7 Pages, 0 Tables, 4 Figures
  • China displacement charts and tables.xls XLS - 262.50 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
  • Contestable market
  • 50 million tonnes of domestic capacity has closed
  • Closures are less than what the cost curve indicates
  • Non-cost factors are keeping state-owned mines open
  • Little scope for further cost cutting
  • Implications

In this report there are 4 tables or charts, including:

  • Executive summary
  • Contestable market
    • Contestable market
    • 62% Fe equivalent CFR cost curve to Tianjin, by country
  • 50 million tonnes of domestic capacity has closed
    • Region by region iron ore mine closure
  • Closures are less than what the cost curve indicates
    • Full China cost cost capacity 62% Fe equivalent, by market
  • Non-cost factors are keeping state-owned mines open
  • Little scope for further cost cutting
  • Implications
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