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    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00

    China iron ore import spend up 11% month-on-month during May 2022

    China imported 92.5 million tonnes of iron ore for the month of May 2022, up over 7.5% on the previous month according to data released by the country’s General Administration of Customs.

    Total spend for the metal was up 11% to over $12.8 billion US dollars on strengthening prices.

    Despite this, May saw a decline in spend of just over 17.7% from the previous year, with volume up by over 3%.

    Copper ore and concentrates

    Chinese imports of copper ore and concentrates rose by 16.2% in May to 2.2 million tonnes, with spend increasing by nearly 14.7%.

    Year-on-year volume for the base metal was up by 12.5%, accompanied by a 20.7% increase in spend compared to May 2021 on robust prices.

    Coal and lignite

    May coal and lignite imports fell by 12.7% from April to 20.5 million tonnes, with spend also decreasing by nearly 8.2%.

    Year-on-year figures saw a more modest 2.3% decline in tonnage, despite spend increasing by over 87.8% compared to May 2021.

    Rare Earths

    Rare earth imports declined by over 35% during May, with spend also down by 19.2%.

    Australian exports to China

    Total Australian exports to China amounted to 12.9 billion US dollars in May, representing a trade surplus of just over 7 billion dollars.

    The figure increased from 10.98 billion dollars in April, despite representing a 5.1% year-on-year decline from May 2021.

    Jonathan Norris
    Jonathan is a founder of Mining.com.au and has been covering the resources industry since 2018. With over 17 years experience in print, broadcast and online media, Jonathan has seen first hand the transformative effect of online niche media.

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    • Delayed Prices (USD) - Last Updated 01-07-2022
    • Gold $1,819.00
    • Silver $20.75
    • Platinum $916.00
    • Palladium $1,898.00
    • Dalian Iron Ore i2209 $121.63
    • Aluminium $2,491.00
    • Cobalt $72,460.00
    • Copper $8,365.50
    • Lead $1,971.00
    • Nickel $23,158.00
    • Tin $26,800.00
    • Zinc $3,333.00