Insight

Chinese iron ore mines closing, with even more to come

This report is currently unavailable

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.
 

- Available as part of a subscription
- FAQ's about online orders

17 October 2014

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.

Table of contents

  • 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

Tables and charts

This report includes 4 images and tables including:

  • Contestable market
  • 62% Fe equivalent CFR cost curve to Tianjin, by country
  • Region by region iron ore mine closure
  • Full China cost cost capacity 62% Fe equivalent, by market

What's included

This report contains:

  • Document

    Chinese iron ore mines closing, with even more to come

    PDF 603.28 KB

Other reports you may be interested in

Browse reports by Industry Sector