Australian iron ore miners cautious on China’s plan to centralize buying
SYDNEY|BEIJING — China’s plan to centralize iron ore purchases has prompted questions whether the move could hit the bottomlines of global mining giants, such as Australia’s Rio Tinto and BHP Group. China, exposed to international prices of the steelmaking raw material as it must import nearly 80% of its annual consumption of about 1.2 billion […]
Australian iron ore miners cautious on China’s plan to centralize buying
SYDNEY|BEIJING — China’s plan to centralize iron ore purchases has prompted questions whether the move could hit the bottomlines of global mining giants, such as Australia’s Rio Tinto and BHP Group. China, exposed to international prices of the steelmaking raw material as it must import nearly 80% of its annual consumption of about 1.2 billion […]