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.
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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