Major miners consider unified China iron ore strategy | Metals Mine

  • Major miners consider unified China iron ore strategy

    From australianmining.com.au

    Major miners BHP, Rio Tinto and Fortescue are reported to have urged for closer coordination and potential government support as they respond to China’s reshaping of global iron ore purchasing through China Mineral Resources Group (CMRG). Iron ore is Australia’s largest export earner at about $115 billion annually, but China may impact this as it has centralised roughly 70 per cent of imports through CMRG, established in 2022. The Australian Financial Review has reported Australian producers are increasingly considering whether a more unified negotiating approach could strengthen their position, despite ... (full story)

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