China's iron ore production increased

There was an increase of 1.3% compared to August 2022 and 0.7% compared to the previous month. China increased its iron ore production by 7% in the first eight months of 2023 compared to the same period in 2022, reaching a total of 659.2 million tons.

This impressive performance is attributed to higher futures prices and stimulus measures by Chinese authorities that have boosted market sentiment.