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Indian iron ore exports to China surged in 2020, but India’s own needs keep it from being a key supplier

Summary:
[unable to retrieve full-text content]India is not poised to become a major new supplier of iron ore to China, despite an increase in iron ore trade between the two countries in 2020, according to analysts.China’s imports of Indian iron ore rose 88 per cent last year to 44.8 million tonnes, from 23.8 million tonnes in 2019, according to full-year data released by China’s customs agency on Wednesday. But the increase of 21 million tonnes was a mere 1.5 per cent of the total 1.4 billion tonnes of iron ore that China imported in 2020…

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[unable to retrieve full-text content]
India is not poised to become a major new supplier of iron ore to China, despite an increase in iron ore trade between the two countries in 2020, according to analysts.China’s imports of Indian iron ore rose 88 per cent last year to 44.8 million tonnes, from 23.8 million tonnes in 2019, according to full-year data released by China’s customs agency on Wednesday. But the increase of 21 million tonnes was a mere 1.5 per cent of the total 1.4 billion tonnes of iron ore that China imported in 2020…

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