China Iron Ore

Chinese iron ore imports see softening volume and spend in October 2022

China imported 95 million tonnes of iron ore for the month of October 2022, down 4.75% on the previous month according to data released by the country’s General Administration of Customs.

Total spend for the metal was down 11.4% to $9.2 billion US dollars.

October also saw a decline in spend of 26.8% from the previous year, despite volume increasing by 3.7%.

Copper ore and concentrates

Chinese imports of copper ore and concentrates decreased by 17.8% in October to 1.9 million tonnes, with spend dropping by 18.8%.

Year-on-year volume for the base metal was up by 4%, despite spend declining by over 14%.

Coal and lignite

October coal and lignite imports decreased by 11.7% from September to 29.2 million tonnes, with spend also decreasing by 6.6%.

Rare Earths

Rare earth imports increased by 3.1% month-on-month during October, with spend logging a more robust increase of 27.2%

Australian exports to China

Total Australian exports to China amounted to 10.7 billion US dollars in October, representing a trade surplus of just over 4.1 billion dollars.

The figure decreased from 11.7 billion dollars in September, and represented a 15% year-on-year decline from October 2021.

Written By 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.