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 develop its most technologically advanced mine following the full approval of a US$2.6B (A$3.5B) investment in the Koodaideri iron ore mine.
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