China’s emergence as the world’s second largest economy has been driven by more than four decades of explosive growth. To support this expansion, China has required massive expansion in its steel production capacity, which is highly correlated to its demand for iron ore imports. The scale and pace of China’s iron ore demand shock has pushed the global iron ore market into a historical adjustment. Using economic frameworks, this book brings to bare new data and field observations throughout Asia and Africa to investigate how the rapid growth in China’s iron ore demand has affected the organisation and structure of the global iron ore market. The research provides several important contributions to the extant literature including analysis of whether the Big Three Asian market iron ore exporters coordinated to sustain the profits arising from the price boom; estimating the financial impact of the Chinese state’s intervention in iron price negotiations; and addressing the concerns arising from the Chinese state’s provision of cheap financial support for its companies’ iron ore procurement. Offering unique insights into China’s economic rise and the structure of the iron ore market, this book will be relevant to students and scholars of resource economics, and the Australian and Chinese economies.

Iron Ore: Mineralogy, Processing and Environmental Sustainability, Second Edition covers all aspects surrounding the second most important commodity behind oil. As an essential input for the production of crude steel, iron ore feeds the world's largest trillion-dollar-a-year metal market and is the backbone of the global infrastructure. The book explores new ore types and the development of more efficient processes/technologies to minimize environmental footprints. This new edition includes all new case studies and technologies, along with new chapters on the chemical analysis of iron ore, thermal and dry beneficiation of iron ore, and discussions of alternative iron making technologies. In addition, information on recycling solid wastes and P-bearing slag generated in steel mills, sustainable mining, and low emission iron making technologies from regional perspectives, particularly Europe and Japan, are included. This work will be a valuable resource for anyone involved in the iron ore industry. - Provides an overall view of the entire value chain, from iron ore to metal - Includes specific information on process/stage/operation in the value chain - Discusses challenges and developments, along with future trends in the iron ore and steel industries - Incorporates new, sustainable mining techniques