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Assessing the competitiveness of the supply side response to China's iron ore demand shock

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  • Hurst, Luke

Abstract

This article examines the scale of China's demand shock and the supply-side reaction in established and fringe iron ore regions. It outlines the short-run constraints on supply expansion and explores the supply-side response to understand whether the long-run iron ore market adjustment has been competitive, or influenced by strategic supply and price interventions by incumbent producers.

Suggested Citation

  • Hurst, Luke, 2015. "Assessing the competitiveness of the supply side response to China's iron ore demand shock," Resources Policy, Elsevier, vol. 45(C), pages 247-254.
    • Handle: RePEc:eee:jrpoli:v:45:y:2015:i:c:p:247-254
    DOI: 10.1016/j.resourpol.2015.06.006
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    References listed on IDEAS

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    1. Humphreys, David, 2010. "The great metals boom: A retrospective," Resources Policy, Elsevier, vol. 35(1), pages 1-13, March.
    2. Hurst, Luke, 2013. "West and Central African iron ore development and its impact on world prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(4), pages 1-18.
    3. Luke Hurst, 2013. "West and Central African iron ore development and its impact on world prices," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 57(4), pages 521-538, October.
    4. Radetzki, Marian & Eggert, Roderick G. & Lagos, Gustavo & Lima, Marcos & Tilton, John E., 2008. "The boom in mineral markets: How long might it last?," Resources Policy, Elsevier, vol. 33(3), pages 125-128, September.
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    Cited by:

    1. Su, Chi-Wei & Wang, Kai-Hua & Chang, Hsu-Ling & Dumitrescu–Peculea, Adelina, 2017. "Do iron ore price bubbles occur?," Resources Policy, Elsevier, vol. 53(C), pages 340-346.
    2. Sylvain Sourisseau, 2018. "The Global Iron and Steel Industry: From a Bilateral Oligopoly to a Thwarted Monopsony," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 51(2), pages 232-243, June.
    3. Yufeng CHEN & Shuo YANG, 2022. "How Does the Reform in Pricing Mechanism Affect the World’s Iron Ore Price: A Time-Varying Parameter SVAR Model," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 83-103, April.
    4. Zhu, Xuehong & Zheng, Weihang & Zhang, Hongwei & Guo, Yaoqi, 2019. "Time-varying international market power for the Chinese iron ore markets," Resources Policy, Elsevier, vol. 64(C).
    5. Sun, Sizhong & Anwar, Sajid, 2019. "R&D activities and FDI in China’s iron ore mining industry," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 47-56.
    6. Wei, Jiangqiao & Ma, Zhe & Wang, Anjian & Li, Pengyuan & Sun, Xiaoyan & Yuan, Xiaojing & Hao, Hongchang & Jia, Hongxiang, 2022. "Multiscale nonlinear Granger causality and time-varying effect analysis of the relationship between iron ore futures and spot prices," Resources Policy, Elsevier, vol. 77(C).

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