As a famous Chinese infrastructure spree, with the increase of domestic economic recovery and infrastructure, iron ore The demand is increasing. China’s steel output is the only one that exceeds the total output of other countries. Correspondingly, my country’s iron ore resources are limited, so most of the iron ore is dependent on imports, and Australia is the country’s largest supplier of iron ore. , Accounting for 80%of my country’s imports.
in Obtained the right to develop the world’s largest iron ore
In order not to be constrained in iron ore, China announced that it would optimize the quality supervision of imported iron ore, increase domestic iron ore production, and ensure the rights and interests. There is even greater good news. Chinese enterprises have obtained the new Guinea world’s largest iron ore mining right.
After China announces its decision
Due to the weakening of the global economy and the decline of many commodities, prices have been falling all the way, but iron ore has led the way, and prices have soared. In May alone, the increase exceeded 30%. The announcement in Brazil that the future output of iron ore will be reduced due to the suspension of production at the Itabira complex has made Australia happy. Australia can not only follow the United States to fight against China and earn American political capital, but it can also enjoy the renminbi. Is there such a good thing in the world? Of course not!
my country’s Dalian Commodity Exchange issued an announcement to guide customers to remain rational, not to blindly follow the trend, and to strengthen management in all aspects to maintain order. At the same time, my country announced that it will adopt stricter quality supervision methods from June 1st, and implement supervision in some cases.
Brazil also announced that despite the reduction in iron ore production, The export volume to China will not be reduced and will maintain the export volume last year. In addition, the China Iron and Steel Association also called for the need to increase my country’s domestic iron ore output and strengthen the recycling of scrap steel. It is recommended that my country’s self-produced iron ore reaches 20%of the demand. These decisions all express our country’s strong desire to free iron ore from being restricted by one country.
The bigger good news, Australia can sit still
There is even greater good news coming from overseas:the global mining giants must compete The Simandou iron ore project in Guinea has already won the alliance. The Win Alliance is composed of four companies under the Weiqiao Group:China Hongqiao Group, Yantai Port, Guinea Transportation and Logistics Company United Mining Company, and Singapore Winning International Group. In November last year, pits 1 and 2 were taken, and the project will be approved for development in the near future. In order to cooperate with the export of iron ore, the project team is considering building a railway in Guinea.
At this sensitive time This good news is of great significance to my country’s current iron ore development. The previous ore import issues with Australia and the recent Brazilian mines were forced to suspend operations due to the epidemic. The current product market Just so, I don’t know if Australia can sit still if it knows this news?
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