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 on track to pursue its proposed expansion of its West Angelas iron ore mine in the Pilbara after the state of Western Australia’s Environmental Protection Authority approved a 4,100-ha expansion of Deposits C, D and G.
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