Indian iron ore exports to China surged in 2020, but India’s own needs keep it from being a key supplier
India exported 88 per cent more iron ore to China last year, but it accounted for only 1.8 per cent of China’s import total
Increase in iron ore exports was commercially opportunistic, with Indian exporters taking advantage of China’s strong demand and sharply higher prices
China-Australia relations: breaking free of dependency on Australian iron ore would take years, but where is China looking?
China has interests in overseas mines with tonnes of iron ore reserves, yet most of it remains inaccessible amid bureaucratic wrangling and limited capital
Using more scrap steel is also an option for diversifying China’s iron ore supply, but this too is not without its hurdles and limitations