NBS: China's ROM iron ore output ticks higher in 2024

China's annual production of run-of-mine (ROM) iron ore last year was the highest since 2017 at 1.04 billion tonnes, though the on-year rise of 1.2% was smaller than the 7.1% increase recorded in 2023, according to the latest data from the country's National Bureau of Statistics (NBS).

The steady rise in China's ROM iron ore production in recent years reflected the progress of the country's 'cornerstone' plan rolled out in 2022 that aims to boost domestic iron ore supply by ramping up exploration and construction of iron ore mines. During last year, the monthly production of ROM