[ferro-alloys.com]  Along with international iron ore prices continue to rise from $20 per tonne to $200 per tonne, Australia could earn nearly $50 billion a year from China on iron ore. But Australia's good times have gone after China has gradually abandoned buying Australian’s iron ore. At the same time, Chinese mining companies seem to follow the explosion and as if the "spring" of China's mining industry come back again.

The explosion of Chinese mining companies in 2018 has something to do with China's deep drive to reduce capacity. Many domestic and foreign institutions have showed that the "spring" of China's mining industry has arrived according to China's current development trend. On the other hand, China's layout of large iron mines in overseas countries such as Indonesia will also help it get rid of dependence on large-scale mining countries such as Australia. China will not be led by other countries in its mineral imports before long.

• [Editor:Wang Linyan]