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.
South African firm Grindrod has recovered the locomotives it leased to the Tonkolili iron ore project in Sierra Leone, suggesting that production is unlikely to resume for the foreseeable future.
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