Chinese Demand for Australian Iron Ore Still Booming Despite Trade Tensions

Chinese Demand for Australian Iron Ore Still Booming Despite Trade Tensions
Haulage truck at the Rio Tinto West Angelas iron ore mine in the Pilbara region of West Australia, on July 9, 2014. AAP Image/Alan Porritt
Rebecca Zhu
Updated:

Australian iron ore exporters aren’t feeling any effects of Beijing’s ongoing economic sanctions against Australian exports, as China’s colossal demand for the mineral drive prices up to a 10-year high.

Rio Tinto, an iron export giant, said their Australian iron ore assets had excellent operating performance in the first quarter of 2021.