Jun 5, 2026 – 5.00amBig miners have urged the Albanese government to intervene in the battle over iron ore pricing and review options for Australian companies to collectively counter China’s centralised purchasing power without breaching anti-competition rules.Iron ore is Australia’s most lucrative export industry, worth about $115 billion this year, but the big miners have warned the government the revenue stream faces an uncertain future after China moved to centralise about 70 per cent of its iron ore purchasing under the China Mineral Resources Group (CMRG), which was set up in 2022.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Miners seek government intervention to counter China iron ore monopoly
As China centralises iron ore purchasing power, the big miners have urged Canberra to consider ways for Australia to leverage its market power.
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