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.
Australian iron ore producer Murchison Metals Ltd has confirmed that a number of Chinese groups are interested in helping to develop the A$4B ($3.3B) Oakajee iron ore port and rail infrastructure project in Western Australia.
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