The creation of China's new state-owned iron ore giant -- built to consolidate the nation's mining investments and coordinate purchases of the key steelmaking input -- is being felt everywhere from Simandou to Sydney.
Caixin
China's plan to break foreign iron ore dependence -- Mine more at home
Creation of China Mineral Resources Group felt from Simandou to Sydney
China intends to assert its market power to put downward pressure on the price of steel it mostly buys from BHP and Fortescue Metals Group in Australia as well as Anglo-Australian Rio Tinto and Brazil's Vale. © Reuters
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