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 strategiesIron ore price and volatilityObserved market impactChallenges and limitationsThe future outlook
What's included
This report contains:
Other reports you may be interested in
Insight
Iron ore: 5 things to look for in 2026
Five major themes that will shape the iron ore market in 2026
$1,050
Insight
Value-in-use iron ore costs Q4 2025
Q4 2025 iron ore value-in-use adjusted costs are up 1.1% compared to last quarter, and margins remain at 42% in Q4 2025.
$5,000
Insight
Copper: 5 things to look for in 2026
Five major themes that will shape the copper market in 2026
$1,050
