The Chinese Entity That Could Change The Iron Market Forever ...Middle East

It’s no secret that China believes in the concentration of power. However, that philosophy extends far beyond governance. It also dramatically affects the way the country does business. For instance, earlier this week, we saw the inauguration of the state-owned and centrally administered China Mineral Resources Group. Many mining companies perceive the move as China attempting to exert more influence of iron ore prices. In fact, some have called it “one of the biggest shake-ups of the global iron ore market in more than a decade.”…

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