China wants to break dependency on Australia for iron ore

China - which imports 60 per cent of its iron ore from Australia - is looking at sourcing supplies of the steel-making material from other markets.

Iron ore is Australia's largest global export and China -the world's biggest steel producer - is our biggest trading partner.

China aims to build one or two major overseas iron ore mines by 2025 under a five-year government plan, Reuters reports.

https://www.9news.com.au/national/trade-china-seeking-alternative-iron-ore-markets-to-australia/10b5c952-0d5c-4a2e-ac44-3894a1c2bb00