Insight
CMRG's role in the iron ore market
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The China Mineral Resources Group (CMRG), established in July 2022, seeks to stabilise iron ore markets through centralised demand and strategic purchasing. Recent behaviour suggests reduced panic-driven price movements, though multiple factors contribute to this stability. The debate continues regarding CMRG's effectiveness. Sceptics maintain that supply and demand fundamentals will dominate pricing drivers. Others believe CMRG will gradually erode miners' pricing power and rationalise purchasing behaviours, though the extent to which CMRG accelerates this shift in bargaining power remains unclear.
Table of contents
- CMRG's strategies and potential impacts
- Market stability and CMRG's influence
- Challenges and limitations
- Ongoing debate and future outlook
Tables and charts
This report includes the following images and tables:
- CMRG’s stabilisation strategies
- Iron ore price and volatility
- Observed market impact
- Challenges and limitations
- The future outlook
What's included
This report contains:
Other reports you may be interested in
Country Report
Global iron ore supply summary 2025
Iron ore margins remain strong in 2025. Avg cost: US$59.8/t. Capex rises to US$17.2B, driven by quality upgrades and emissions goals.
$6,750
Insight
Thrive, not survive, in the cutthroat Asian refining and oils market
Takeaways from Wood Mackenzie APPEC Briefing 2025 in Singapore
$900
Insight
Fuel for flight: aviation's path to 2050
Exploring the role of SAF in the decarbonisation of the aviation sector
$900
