Not exact matches
Executives at mining giants BHP Billiton and Rio Tinto have recently told investors that they hope Belt and Road could revive China's metal
exports, boosting demand
for their
iron ore.
«But the mining company Portman that
exports iron ore out of here is also talking about the need
for a fourth shed.»
A ramp - up of
iron ore exports has lifted annual throughput at Port Hedland to a new record of 460.4 million tonnes, with the combined Pilbara Ports Authority tracking
for a figure of 633.5 mt per year.
A key element in this shift is China; the value of Chinese
exports to Canada tripled over this period and Canadian
exports to China, while still small relative to
exports to the US, have grown steadily in value driven by commodity
exports which have been buoyed by high prices and huge demand in China
for key Canadian
exports such as minerals (nickel, coking coal, potash, copper and
iron ore), pulp and lumber.
For example, there should be substantial new capacity, with limited declines in existing capacity, for several major export commodities, including coal, iron ore, alumina and especially LNG, with growth in the latter significantly boosting exports in the December quarter 20
For example, there should be substantial new capacity, with limited declines in existing capacity,
for several major export commodities, including coal, iron ore, alumina and especially LNG, with growth in the latter significantly boosting exports in the December quarter 20
for several major
export commodities, including coal,
iron ore, alumina and especially LNG, with growth in the latter significantly boosting
exports in the December quarter 2004.
Although there has been reasonable growth in the other two resource
export components, particularly
for iron ore, alumina and coal, the growth in these items has not been sufficient to compensate
for the weakness in those components where production has fallen significantly.
Strong
iron ore export data from Port Hedland typically bodes well
for BHP Billiton and Fortescue Metals Group, the two biggest exporters from the port.
Analysts speculated that Fortescue's weak
export rate in October and November may be linked to the Chinese shutdowns and the middle kingdom's growing preference
for iron ore with higher grades than Fortescue typically produces.
The strong
export numbers at Dampier give hope that Rio may yet achieve its full - year
iron ore export guidance
for 2017, despite being behind the pace required after the first nine months of the year.
Whoever wins the election faces an economy battered by lower commodity prices
for its main
exports of rubber and
iron ore, and a rapidly depreciating currency.