Global iron ore shipments increased 3.8% Y/Y, according to BIMCO
NewsGlobal iron ore shipments rose in Q1 2024 but with Chinese steel production weaker than expected, future shipments may decline due to oversupply.
Rio Tinto is to invest a further US$790M in its drive to expand the annual capacity of iron ore operations in the Pilbara to 330 mt.
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