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Jun 24, 2021 Iron ore was the main driver of the increase, up $2,506m (18%). The price of iron ore continues to climb, with unit value increasing 9%, while quantity also increased 9% in May, ABS noted. The increase in export of metalliferous ores to China, Australias largest trading partner, was once again driven by iron ore, up $2,087m (20%) to $12,666m. In Colombia, Anglo American, BHP and Glencore each have a one-third shareholding in Cerrej n, an independently managed associate and one of the countrys largest thermal coal exporters. Thermal coal is the heat source for around 40% of all electricity generated globally today.
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