Iron ore price slumps to three-week low on weak China demand, strong global supply
Property investment in China fell 10.1% in the first half of 2024 from a year earlier.
Coffey Mining’s Global Business Development Manager, David Atchison, thinks continued growth in the Chinese economy is driving mineral exploration in countries such as Brazil. “Chinese mining companies are looking to secure future supplies of resources and this is resulting in unprecedented levels of outbound investment in major global mining markets such as Brazil.” The consultancy discussed this at the recent Brazilian Symposium of Mineral Exploration (SIMEXMIN), from May 23-26 in Ouro Preto, Minas Gerais. Read more at http://www.im-mining.com/2010/05/28/coffey-mining-brazilian-mineral-exploration-on-the-up/
