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    • Delayed Prices (USD) - Last Updated 23-10-2021
    • Gold $1,793.20
    • Silver $24.28
    • Platinum $1,038.00
    • Palladium $1,948.00
    • Dalian Iron Ore i2201 $110.96
    • Aluminium $2,910.50
    • Cobalt $58,598.87
    • Copper $9,831.50
    • Lead $2,400.00
    • Nickel $19,930.00
    • Tin $37,250.00
    • Zinc $3,429.50

    Chinese iron ore spend up 95% year-on-year for August

    China imported 97,492,000 tonnes of iron ore for the month of August, up 10.2% on July according to data released today by the country’s General Administration of Customs. Total spend for the metal was up 12.9% to just over $20 billion US dollars.

    August also saw a 95% increase in spend over the previous year, despite a 2.9% drop in tonnage.

    Copper ore and concentrates

    Chinese imports of copper ore and concentrates held stable in August at 1,886,000 tonnes, with spend decreasing by 4.4%. Year-on-year tonnage rose by 18.9%, with a substantial 85.1% increase in spend compared to August 2020.

    Coal and lignite

    August coal and lignite imports declined by 7% from July to 28,052,000 tonnes, despite spend rising by 6%. Year-on-year figures provided a more stark difference, with spend increasing by nearly 124% over August 2020.

    Australian exports to China

    Total Australian exports to China reached 18.1 billion US dollars in August, representing a trade surplus of 12.3 billion dollars. The figure rose from 15.2 billion dollars in July, and achieved a significant year-on-year increase of 106% from 8.8 billion dollars in the same month last year.

    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 23-10-2021
    • Gold $1,793.20
    • Silver $24.28
    • Platinum $1,038.00
    • Palladium $1,948.00
    • Dalian Iron Ore i2201 $110.96
    • Aluminium $2,910.50
    • Cobalt $58,598.87
    • Copper $9,831.50
    • Lead $2,400.00
    • Nickel $19,930.00
    • Tin $37,250.00
    • Zinc $3,429.50