China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply. The value of that supply is likely to hit A$80 billion (US$58 billion) in 2020. Photo: Reuters China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply. The value of that supply is likely to hit A$80 billion (US$58 billion) in 2020. Photo: Reuters
China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply. The value of that supply is likely to hit A$80 billion (US$58 billion) in 2020. Photo: Reuters

China-Australia relations: iron ore demand powers ahead as Fortescue secures US$4 billion in deals

  • Australian-listed miner Fortescue Metals Group signed 12 memorandums of understanding (MOUs) at the China International Import Expo (CIIE)
  • China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply

Topic |   China-Australia relations
China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply. The value of that supply is likely to hit A$80 billion (US$58 billion) in 2020. Photo: Reuters China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply. The value of that supply is likely to hit A$80 billion (US$58 billion) in 2020. Photo: Reuters
China buys just over 80 per cent of Australia’s iron ore, while Australian iron ore makes up 60 per cent of China’s supply. The value of that supply is likely to hit A$80 billion (US$58 billion) in 2020. Photo: Reuters
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