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China’s iron-ore buyer seeks new port rules to tighten its grip
China’s State-backed iron-ore buyer is proposing measures to curb hoarding of the steelmaking ingredient at ports, in a move that could dent the pricing power of foreign miners and traders. China Mineral Resources Group Co. has asked authorities overseeing import terminals to raise storage costs, according to people familiar with the matter. The move is aimed at around 15 mostly offshore companies, including mining majors BHP Group and Vale, said the people, asking not to be named discussing private information. The idea is to make it harder for miners and traders to hold iron ore at ports for lengthy periods, ... (full story)
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- Dec 12, 2025 3:25am Posted byFundamental Analysis322
