China’s Mineral Imports Stabilise at Structurally High Levels
Bulk mineral imports stabilised at elevated monthly values in 2024-2025, while non-bulk imports trended higher in aggregate.
Bulk mineral imports stabilised at elevated monthly values in 2024-2025, while non-bulk imports trended higher in aggregate.
Rapid growth, astute deal-making and a widening footprint across strategic metals have transformed Zijin into a diversified, global mining firm.
Over the last decade, Chinese firms surged into the global mining elite, now accounting for 2 of the top 5.
With Minerals & Fuels and Metals flowing out to Asia and manufactured goods flowing in, Australia’s trade profile is increasingly tied to China and Asian markets.
Shenhua’s scale underscores China’s continued dependence on coal, while Zijin’s rise anchors China’s position in the global energy transition.
There are two distinct roles in the global minerals system: upstream exporters and downstream manufacturing hubs, whose demand for resources continues to rise.
China runs large trade deficits for key industrial metals, which remains a promising opportunity for astute global mining firms.
Australia’s highly specialized export profile can be a source of risk and opportunity in a changing global trade context.