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    • Delayed Prices (USD) - Last Updated 06-12-2021
    • Gold $1,782.60
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    • Platinum $930.00
    • Palladium $1,750.00
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    Port Hedland sees 1% iron ore export decline in August as Japan and Korea offset Chinese deficit

    Port Hedland Iron Ore exports fell by only 1% for August 2021 despite a 7% drop in tonnage to primary partner China, thanks largely to increased business with Japan and Korea.

    Exports of the ferrous metal to China dropped by 6.99% to 35,912,894 tonnes, with demand softening due to government restrictions on industrial pollution and energy consumption from crude steel production. Reports suggest that the Chinese Government has sought to cap output at 2020 levels.

    Port Hedland Export Data – August 2021. Data source: Pilbara Ports Authority
    Port Hedland Export Data – August 2021. Data source: Pilbara Ports Authority

    The decline in Chinese business was offset by large export increases to both Japan and Korea, who imported an additional 60% and 26% of iron ore respectively for August, and together accounted for 14.5% of Port Hedland’s total iron ore export.

    Exports of copper, manganese and spodumene all fell during August.

     

     

    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