Tuesday, July 26, 2022

Guinea Plays Major Role in China's New Iron Ore Policy

 The Washington Post published on 25 July 2022 an article titled "How and Why China Is Centralizing Its Billion-Ton Iron Ore Trade" by Alfred Cang.

A new state-owned organization--China Mineral Resources Group--has been put in charge of all aspects of China's iron ore program from its huge mine investment in Guinea to buying the steel making material from international suppliers.  The giant mine in Guinea is crucial as China reduces its reliance on Australian ore.