Fixed Asset Investment In China’s Ferrous Metal Mining And Dressing Industry Far Outpaces Investment In Mining Industry In March

In March, fixed asset investment in China’s mining industry increased by 0.6%. In particular, investment in the ferrous metal mining and dressing industry increased by 9.7%, far outpacing investment in the mining industry, and the growth rate expanded 0.9 percentage point from the previous month.

Fixed assets investment in the domestic private mining industry increased by 4.8% in March.

According to data from the National Bureau of Statistics (NBS), China’s iron ore production was 86.4 million mt in March, down 4.80% year-on-year, and China’s iron ore production amounted to 243.27 million mt in the first quarter, up 0.70% year-on-year.