China Increases Iron Ore Shipments From Port Hedland Amid Supply
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Iron ore sales to China from Australia’s Port Hedland climbed 27 percent in January from a year earlier as miners increased output and the biggest buyer boosted inventories to the highest level in 16 months.
Cargoes from the world’s largest ore-export terminal to China totaled 23.3 million metric tons last month from 18.4 million tons a year ago, data on the port’s website showed. Shipments, which reached a record 25.2 million tons in October, were 24.2 million tons in December. Total iron ore exports were 28.2 million tons from a record 29.5 million tons in December and 22.1 million tons a year earlier, the data showed.