Iron ore, a raw material for national infrastructure, has been in short supply on international markets as the global economy recovers.This is also an opportunity for Australia, Brazil and other iron ore producing countries to "make a lot of money" and drive economic growth.As a major importer of iron ore in the world, China's strong demand for imported iron ore also plays an important role in driving the economic development of iron ore producing countries such as Brazil and Australia.

Australian iron ore exports to China jumped 20% in May from a year earlier, the third record high in a row, according to media reports.Brazil's iron ore exports to China hit a nine-month high of 33.68m tonnes in June.

But it didn't last long.Brazilian iron ore exports totaled 31.73 million tons in July, nearly 2.25 million tons less than the same period last year (down 6.6%), official data showed.According to the analysis, China began to limit steel production, and gradually reduce iron ore imports may be one of the reasons.

China's iron ore imports fell to 89.417 million tons in June, 373,000 tons less than may's 89.79 million tons, data showed.It can be predicted that Australia, which is also the main source of iron ore for China, will not escape the "reduction of iron ore exports".

We should know that China is now starting to promote the diversification of iron ore sources and continue to promote the self-sufficiency of domestic iron ore.According to media reports, cISA said last month it would speed up the development of domestic iron ore resources during the 14th Five-Year Plan period and reduce iron ore imports in an effort to break its dependence on overseas iron ore.

It can be predicted that iron ore, as the economic pillar of Brazil and Australia, once China's demand for imported iron ore decreases, it will affect the economic development of these two countries to some extent.Add to that the recent rise in global iron ore supply and a drop in iron ore prices, and it may not be so easy to rely on iron ore exports to drive the economy.