The price of iron ore recently reached nearly US$160 a tonne – about double the price at the start of the year. Photo: Reuters
The price of iron ore recently reached nearly US$160 a tonne – about double the price at the start of the year. Photo: Reuters
Economy /  China Economy

China-Australia relations: miner Rio Tinto questioned by China steel association over ‘unreasonable’ iron ore prices

  • China Iron & Steel Association is looking into whether miners have deliberately restricted supplies to send prices soaring
  • Price of iron ore was about US$153 per tonne on Wednesday, after reaching nearly US$160 a tonne last week – about double the price at the start of 2020

Frank TangSu-Lin Tan
Frank Tang in Beijingand Su-Lin Tan in Hong Kong

Updated: 5:36am, 17 Dec, 2020

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The price of iron ore recently reached nearly US$160 a tonne – about double the price at the start of the year. Photo: Reuters
The price of iron ore recently reached nearly US$160 a tonne – about double the price at the start of the year. Photo: Reuters
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