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    • Delayed Prices (USD) - Last Updated 06-12-2021
    • Gold $1,782.60
    • Silver $22.51
    • Platinum $930.00
    • Palladium $1,750.00
    • Dalian Iron Ore i2205 $98.48
    • Aluminium $2,623.00
    • Cobalt $67,050.00
    • Copper $9,418.00
    • Lead $2,210.50
    • Nickel $20,030.00
    • Tin $39,335.00
    • Zinc $3,161.50

    Chinese iron ore spend down 16% in September on softening prices

    China imported 95.6 million tonnes of iron ore for the month of September, down nearly 2% on August according to data released today by the country’s General Administration of Customs. Total spend for the metal was down 16% to just under $17 billion US dollars.

    September saw a 41% increase in spend over the previous year, despite an 11.9% drop in tonnage.

    Copper ore and concentrates

    Chinese imports of copper ore and concentrates rose by nearly 12% in September to 2.1 million tonnes, with spend increasing by 10.8%. Year-on-year tonnage dropped by 1.3%, despite a substantial 46.3% increase in spend compared to September 2020.

    Coal and lignite

    September coal and lignite imports rose by 17.2% from August to 32.9 million tonnes, with spend rising by nearly 26%. Year-on-year figures provided a more stark difference, with tonnage rising 76% and spend increasing by over 230% compared to September 2020.

    Australian exports to China

    Total Australian exports to China reached 15 billion US dollars in September, representing a trade surplus of just over 9 billion dollars. The figure dropped from just under 18 billion dollars in August, but achieved a significant year-on-year increase of 50% from 10 billion dollars in September 2020.

    Tristan Lal
    Originally from Canada, Tristan contributes daily breaking news to Mining.com.au. Tristan completed her Bachelor of Journalism in Queensland, Australia and has over 10 years experience writing on a range of topics including resources, medical, construction, and business.

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    • Delayed Prices (USD) - Last Updated 06-12-2021
    • Gold $1,782.60
    • Silver $22.51
    • Platinum $930.00
    • Palladium $1,750.00
    • Dalian Iron Ore i2205 $98.48
    • Aluminium $2,623.00
    • Cobalt $67,050.00
    • Copper $9,418.00
    • Lead $2,210.50
    • Nickel $20,030.00
    • Tin $39,335.00
    • Zinc $3,161.50