Business
China production cuts won’t end iron ore boom – The Australian Financial Review
Strict environmental controls designed to curb steel production in China are unlikely to signal the end of the boom in iron ore prices, with miners producing higher…
China is announcing a number of decarbonising policies that will increase steel usage, not decrease it.
Mr Cleary said Chinas push to increase renewable energy infrastructure would require a large amount of steel and keep demand for iron ore intact.
What China has announced is a material increase in efficiency targets, so smaller operators that are high carbon emitters will be closed in favour of state-owned enterprise operators running at scale, he said. This will require more high-grade iron ore,…
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