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The action was taken to head off the development of a potential "corner" on the market or an "undesirable situation", it said.

Reuters | June 20, 2025 | 2:28 pm

Jakarta-based Rajawali, which holds a stake of about 85% in Archi, is seeking a valuation of about $1 billion.

Bloomberg News | June 20, 2025 | 7:15 am

The completion of the deal is planned for the third quarter of 2025.

Reuters | June 20, 2025 | 7:09 am

China, which buys about 75% of global seaborne iron ore, is expected to import almost 110 million metric tons of the key steel raw material.

Reuters | June 20, 2025 | 5:58 am

India joins iron ore output surge