From Ben Potter at AFR:
Iron ore sales to China are set to fall as a share of total two-way trade, while natural gas, food and even coal exports will become more important, the paper, China’s Evolving Demand for Commodities, finds.
A decline in Chinese crude steel production means iron ore’s share of China trade falls steadily from its current peak of 58 per cent to about 51 per cent by 2025 and 43 to 47 per cent by 2035, the paper, by Ivan Roberts, Trent Saunders, Gareth Spence and Natasha Cassidy of the Reserve Bank of Australia finds
Source: China trade: Food, LNG, coal to gain ground as iron ore exports slip | afr.com