India's iron ore exports to China to increase

India’s iron ore exports to China to increase

The China Chamber of Commerce of Metals, Minerals and Chemicals Importers and Exporters (CCCMC) disclosed that India's iron ore exports to China may reach 75 million tons during the 2005/2006 fiscal year. This represents a year-on-year increase of 26.5 percent. If India exports 75 million tons of iron ore to China, then the country's total iron ore export volume will amount to 95-100 million tons. India's iron ore exports to China totaled 59.3 million tons during the 2004/2005 fiscal year, an increase of 41 percent from a year earlier.