China data boosts iron ore futures, traders optimistic
NewsTotal shipments from Australia and Brazil – significant iron ore suppliers – decreased by 12.5% week-on-week to 22.08 million tons for the week ending March 18.
North America’s largest iron ore producer Cliffs Natural Resources has announced that the Minister of Industry has approved its proposed acquisition of Consolidated Thompson Iron Mines Limited under the Investment Canada Act, on the basis that the transaction is likely to be a net benefit to Canada.
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