Australia forecasts 915 mln tonnes of iron ore exports by 2021-22

Australia expects its iron ore exports to grow from 852 million tonnes in the 2019-20 period to 915 million by 2021-22 - a 7.4% increase.

This anticipated increase is attributed to the commencement of new mines in Western Australia, the country’s Department of Industry, Science, Energy & Resources said in its resources and energy quarterly report released on Monday June 29.
“New output is expected from significant projects in the Pilbara region of Western Australia, including BHP’s South Flank project (from 2021), [Fortescue Metals Group’s] Eliwana project (from 2021), and [Brockman Mining’s] Marillana mine (from 2021),” the report said.
Australia expects its iron ore exports to hold up due to robust demand in China. The East Asian country’s imports rose by 5.8% in the first four months of 2020 compared with a year earlier, the report noted.

China’s higher imports this year reflect the impact of supply constraints that emerged last year as...

Published

Alex Theo

Zihao Yu

July 01, 2020

08:48 GMT

Singapore