Business
Stealth alert: China’s back on its biggest commodity buying spree in years – Stockhead
Quietly and without any fanfare China has steadily increased its buying of certain strategic commodities including cobalt, iron ore and some foodstuffs over recent weeks and months. The industrial powerhouse has stepped up its purchases of coal, rising 6.8 pe…
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Quietly and without any fanfare China has steadily increased its buying of certain strategic commodities including cobalt, iron ore and some foodstuffs over recent weeks and months.
The industrial powerhouse has stepped up its purchases of coal, rising 6.8 per cent on year, while iron ore is 11.8 per cent higher on year, and soya bean volumes have risen 17.7 per cent.
China has taken delivery of an extra 348 Capesize cargoes of iron ore over January-July, bringing its …
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