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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

    Chinese year-on-year iron ore imports flat for Jan-Feb 2022 despite declining spend

    China imported 181 million tonnes of iron ore for the January/February 2022 period, roughly equaling volume from the same period the previous year according to data released by the country’s General Administration of Customs.

    Total year-on-year spend for the two months was down 28% to just over $18.95 billion US dollars on softening prices.

    Copper ore and concentrates

    Chinese imports of copper ore and concentrates increased by 10.2% year-on-year, hitting 4.175 million tonnes.

    Spend for the two months was up by 30.6%, thanks to strengthening prices for the red metal.

    Coal and lignite

    January-February coal and lignite imports declined by nearly 14% from the previous year to 35.4 million tonnes, despite spend skyrocketing by 124%.

    Rare Earths

    Rare Earth imports were reported for the first time during the January-February 2022 period, with the country purchasing 16,828 tonnes at a total price of USD $172.4 million.

    Australian exports to China

    Total Australian exports to China amounted to 21.53 billion US dollars for January-February, representing a trade surplus of just under 9.59 billion dollars.

    The figure represented a modest increase from 20.5 billion dollars during the same period in 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