Smaller countries offering fastest growing iron ore supply

ALTHOUGH China tends to focus on exports from Australia, India and Brazil for iron ore supply, which together comprise 75% of imports, Macquarie Private Wealth revealed the fastest growing area is from smaller countries. Combined, these smaller countries now exported roughly the same volume as Brazil, which shipped 77 million tonnes in the first half of 2012. In the same period, Australia exported 165.8Mt into the Chinese market compared to 133.7Mt in the first half of 2011.