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Exports of Iron Ore & Concentrates in Australia increased to 12572 AUD Million in December from 10297 AUD Million in November of 2020. Exports of Iron Ore & Concentrates in Australia averaged 2282.68 AUD Million from 1988 until 2020, reaching an all time high of 12572 AUD Million in December of 2020 and a record low of 108 AUD Million in December of 1988.
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Iron ore was first mined in Australia at Iron Knob, South Australia, by the Broken Hill Proprietary Company (BHP) in the late 1890s to be used as flux in its Port Pirie lead smelters. The ore turned out to be of such high quality (close to 60 per cent purity)
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In 2019-20, Australia accounted for 53 per cent of global iron ore exports (most of which went to China), Brazil was the second largest exporter with a 21 per cent share, there's then fresh air to round out the top five with South Africa supplying 4 per cent, Canada 3 per cent, and India 2 per
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27.07.2020· "Our earlier forecast for Australian iron ore export earnings to top $100 billion in 2019-20 appears to have been achieved." The pandemic has affected other commodities too, with gold surging to eight year high prices and set to earn a new record of almost $32 billion in exports in 2020-21.
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05.02.2021· New data by the Australian Bureau of Statistics (ABS) has revealed record high export revenue from iron-ore, gold and copper in 2020. The ABS revealed that Australia's resources exports
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Australia accounts for more than half of global seaborne iron ore supply and 62 per cent of Aussie exports are shipped from Port Hedland – the largest bulk export terminal in the world. And looking ahead, two players at the big end of town, BHP (ASX:BHP) and Fortescue (ASX:FMG), have flagged plans to boost capacity even further.
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In recent months, shorter-term supply disruptions to Australian iron ore exports have also affected the global iron ore market. The most notable of these disruptions was Tropical Cyclone Veronica in late March, which reduced large firms' iron ore exports from Western Australian ports by close to 25 million tonnes (around 3 per cent of Australia's annual export volumes).
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Although China did impose new import procedures that could potentially hold up shipments, Australian iron ore exports to China have actually been rising, and a Chinese ban on Australian iron ore is generally thought of as unlikely given China's dependence on the world's largest producer for this key commodity.
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08.02.2021· The resources sector injected $270 billion into the Australian economy last year, contributing to 62 per cent of the country's total export revenue. This was fortified by iron ore's record annual export revenue of $116 billion compared with $96 billion in 2019.
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08.02.2021· Iron ore is the first commodity to break $100 billion in a boom year for commodity exports, with the commodity also breaking its monthly record in December 2020 at $12.6 billion.
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05.02.2021· Iron-ore increased by 20% in 2020, to reach A$116-billion, breaking the A$100-billion export revenue ceiling for the first time in a boom calendar year for commodity exports.
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According to the shipbroker, "in the first 8 months of 2020, total Australia iron ore exports amounted to at least 585.5 mln tonnes, according to Refinitiv vessel tracking data.
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As every 1,000 kilograms of steel requires 1,400 kilograms of iron to make, global steel production and consumption is a key indicator for Australian iron ore production and exports. World steel consumption will likely be down by 2.2 per cent in 2020 because of COVID, the REQ says.
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16.12.2020· On the agricultural side, out of a total of $13 billion of Australian agricultural exports, about $1 billion is from barley, $1 billion from cotton and $1 billion from wine. "But the overall macro
4Get PriceRest easy. The CCP cannot limit Australian iron ore, let alone cut it off. To do the first would be to hand untold riches to Australian miners as the price immediately doubled and tripled.
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Australian Iron Ore Exports are Still Mostly China-Bound in Dry Bulk Market, Hellenic Shipping News 26/09/2020 T he Capesize market's dominant route is inevitably the Australian iron ore export
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05.02.2021· Iron-ore increased by 20% in 2020, to reach A$116-billion, breaking the A$100-billion export revenue ceiling for the first time in a boom calendar year for commodity exports.
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International sales of iron ore exported by country totaled US$122.5 billion in 2019, increasing by 74.2% since 2015 when iron ore shipments were valued at $70.3 billion and expanding 30.3% from 2018 to 2019. From a continental perspective, Oceania (mostly Australia) sold the greatest amount of exported iron ore at 53.8% of the global total.
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18.12.2020· Australia is one of the few developed nations on Earth that exports more into China than it imports from China. In the 2018-2019 fiscal year, China took in about 32.6% of all Australian exports —
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Australia's lucrative iron ore exports to China aren't completely immune from the trade war. CMC Markets fears China will seek to punish exporters of this vital commodity used to make steel.
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