Chinese authorities and steelmaking industry groups are growing uneasy about high iron ore prices. Photo: Getty Images Chinese authorities and steelmaking industry groups are growing uneasy about high iron ore prices. Photo: Getty Images
Chinese authorities and steelmaking industry groups are growing uneasy about high iron ore prices. Photo: Getty Images
China economy

China-Australia tensions ratchet up unease in Beijing about surging iron ore prices

  • China is growing jittery about soaring iron ore prices amid heightened trade tensions with Australia, its biggest supplier
  • But it will be tough for it to find alternative sources for the commodity, as it imports as much as 60 per cent from Australia

Topic |   China economy
Chinese authorities and steelmaking industry groups are growing uneasy about high iron ore prices. Photo: Getty Images Chinese authorities and steelmaking industry groups are growing uneasy about high iron ore prices. Photo: Getty Images
Chinese authorities and steelmaking industry groups are growing uneasy about high iron ore prices. Photo: Getty Images

Corrected [10:22am, 7 May, 2021]

  • [10:22am, 7 May, 2021]

    In 11th paragraph of this story, the price per tonne was changed from 1,158 yuan to 5,411 yuan after Gavekal Dragonomics reported a misprint in their original report. The story has been corrected.

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