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China’s African iron ore strategy spells danger for Australia The Simandou iron ore deposit in West Africa has the potential to change the dynamics of the global iron ore market and put China in the driver’s seat. Apr 9, 2021 – 6.58pm Save Share With the iron ore price hovering around $US160 a tonne and Australia exporting about 20 million tonnes of ore from the Pilbara every week, the country is earning about $585 million a day from China. Thanks to rising demand from Chinese steel mills, the revenue from each tonne of high-grade iron ore has risen 80 per cent in the year to date and is up 100 per cent on a year ago.

Rio tintoUnited statesAlpha condePeter oconnorJakob stausholmAluminum corporation of chinaPetero connorWest africanPresident alpha condeAluminum corporationWest africaரியோ டின்டோஒன்றுபட்டது மாநிலங்களில்ஆல்பா காண்டேபீட்டர் ஒக்கொன்னோர்அலுமினியம் நிறுவனம் ஆஃப் சீனா