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