Column: Global seaborne iron ore had a good 2024, but it’s all China
The world's imports increased a modest 3.6% to a record high in 2024, however the boost was nearly totally driven by China.
Australia’s Genmin signed a memorandum of understanding with China’s Hunan Valin Steel to sell and deliver 2.4 million tonnes per annum of iron ore products for two years from its Baniaka project in west Central Africa, the iron ore miner said on Friday.
(By Ayushman Ojha; Editing by Anil D’Silva)
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