Global battery demand to quadruple by 2030 — report
According to Bain & Company, lithium-ion batteries will remain dominant for the foreseeable future.
China plans to diversify iron ore imports and increase the ratio from independent miners to 50%, according to comments made Wang Xiaoqi, vice-chairman of the China Iron and Steel Association.
Wang announced the plans in Australia, during a signing ceremony where Atlas Iron Ltd. joined a newly-launched iron ore trading platform, China Beijing International Mining Exchange.
Last year about 60% of iron ore imports came from three mining giants: Rio Tinto, BHP Billiton and Vale.