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.
Baosteel Group, China’s largest steel mill, has agreed to invest A$286M ($240M) in Perth-based Aquila Resources, giving it a 15% stake in the Australian miner.
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