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.
African Minerals is to begin exporting iron ore from Sierra Leone in November following the completion of new rail and port infrastructure. Its Tonkolili mine, which is located 200 km east of the capital, Freetown, is to supply ore to both China and Europe in the first instance.
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