{"id":7241,"date":"2012-01-21T08:58:13","date_gmt":"2012-01-21T06:58:13","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/china-fails-to-divert-iron-ore-buys-from-australia-brazil\/"},"modified":"2012-01-21T08:58:13","modified_gmt":"2012-01-21T06:58:13","slug":"china-fails-to-divert-iron-ore-buys-from-australia-brazil","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/china-fails-to-divert-iron-ore-buys-from-australia-brazil\/","title":{"rendered":"China fails to divert iron ore buys from Australia, Brazil"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By David Stanway and Lucy Hornby<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">BEIJING<\/span> Jan 21 (Reuters) &#8211; China diversified its spot<br \/>\niron ore buying away from India in 2011, largely in favour of<br \/>\nSouth Africa, but failed to reduce its dependence on term<br \/>\npurchases from top suppliers Australia and Brazil, customs data<br \/>\nshowed on Saturday.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese planners have said for several years that iron ore<br \/>\nsupplies from India and elsewhere could help break the dominance<br \/>\nof the world&#8217;s top three iron ore miners, BHP Billiton<br \/>\n  and Rio Tinto  of Australia and<br \/>\nBrazil&#8217;s Vale.<\/p>\n<p><span><\/span><\/p>\n<p>But in 2011, China imported 64 percent of its iron ore from<br \/>\nthose two countries, unchanged from the year before. Meanwhile,<br \/>\niron ore purchases from India dropped by 24 percent, amid<br \/>\ncomplaints about declining quality.<\/p>\n<p><span><\/span><\/p>\n<p>Purchases from South Africa rose 22 percent, helping to<br \/>\noffset some of the missing Indian tonnage. India still remains<br \/>\nNo. 3, supplying twice what China gets from South Africa.<\/p>\n<p><span><\/span><\/p>\n<p>Overall iron ore purchases rose by 10.94 percent, as the<br \/>\nChinese steel industry continued to expand output in the face of<br \/>\nslowing domestic economic growth.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By David Stanway and Lucy Hornby BEIJING Jan 21 (Reuters) &#8211; China diversified its spot iron ore buying away from India in 2011, largely in favour of South Africa, but failed to reduce its dependence on term purchases from top suppliers Australia and Brazil, customs data showed on Saturday. Chinese planners have said for several [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7241","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7241"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}