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In Depth: China’s Plan to Break Foreign Iron Ore Dependence — Mine More at Home

By Flynn Murphy and Luo Guoping
2022年08月04日 21:13
The state-backed initiative aims to ramp up domestic sources so the country’s steelmakers no longer rely on foreign countries to supply over 75% of its needs for the raw material
On October 18, 2021, Lianyungang, Jiangsu, unloaded imported iron ore from cargo ships. Photo: VCG

The creation of China’s new state-owned iron ore giant — built to consolidate the nation’s mining investments and coordinate purchases of the key steelmaking input — is being felt everywhere from Simandou to Sydney.

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