China imports about 60 per cent of its iron ore from Australia. Photo: AFP China imports about 60 per cent of its iron ore from Australia. Photo: AFP
China imports about 60 per cent of its iron ore from Australia. Photo: AFP

China-Australia relations: Australian miners not to blame for soaring iron ore prices, observers say

  • China Iron & Steel Association says ‘market pricing mechanism has failed’ after commodity price hits record US$158 per tonne on Thursday
  • ‘Prices have soared in recent weeks in response to a significant fall in iron ore arrivals at Chinese ports,’ commodities analyst says

Topic |   China-Australia relations
China imports about 60 per cent of its iron ore from Australia. Photo: AFP China imports about 60 per cent of its iron ore from Australia. Photo: AFP
China imports about 60 per cent of its iron ore from Australia. Photo: AFP
READ FULL ARTICLE