China iron ore

China’s iron ore bill skyrockets by USD $43.7 billion for H1 2021

China has seen it’s total spend on iron ore imports increase to USD $93 billion for H1 2021 according to data from the country’s General Administration of Customs.

June 2021 recorded an 83% total increase in price paid compared to the same month in 2020, with H1 2021 recording a whopping 88.7% increase over H1 2020, for a total additional spend of USD $43.7 billion.

Chinese imports of iron ore and concentrates for June were reported at 89.4 million tonnes, valued at US$16.78 billion. This is a 0.5% drop in tonnage from May 2021, and a 12% decrease compared to June 2020.

Copper ore and concentrates

China’s import of copper ore and concentrates for June 2021 was valued at US$4.1 billion, decreasing by 14% to 1.67 million tonnes compared to the May 2021 total of 1.94 million tonnes. Year-on-year volume increased by 4.8% compared to the June 2020.

Coal and lignite

China imported 28.4 million tonnes of coal and lignite in June 2021, valued at US$2.6 billion. This is a 12.3% year-over-year increase compared to 25.3 million tonnes in June 2020, and a 35% increase from May 2021.

Australian exports to China

Beijing posted an 7.86% month-on-month increase in Australian imports for June 2021. Total import value stood at US$14.67 billion for the month, which represents a 54% surge compared to June 2020. China’s total imports from Australia for H1 2021 totalled US$77.74 billion, a 38% increase compared to H1 2020.

Written By Jonathan Norris
Jonathan is a founder of 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.