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Chinese iron ore mines closing, with even more to come

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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.

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  • Document

    Chinese iron ore mines closing, with even more to come

    PDF 603.28 KB

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    Chinese iron ore mines closing, with even more to come

    ZIP 791.08 KB

  • Document

    China displacement charts and tables.xls

    XLS 262.50 KB

Table of contents

Tables and charts

This report includes 4 images and tables including:

Images

  • 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

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