Tag: China Iron Ore
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China to set up centralised iron ore buyer to counter price volatility
China’s government is aiming to centralise the country’s iron ore imports through a new centrally-controlled entity to be set up by the end of this year. The initiative is being led by state-owned mining and steel groups such as Baowu, China Minmetals and Aluminium Corporation of China. The project seeks to boost domestic iron ore…