China’s iron ore giant says speculation is overheating prices
China Iron and Steel Association said spot prices rose more than 5% in more than three weeks between Nov. 7 and Dec. 2.
Major Expansion at IOC
The Iron Ore Company Of Canada (IOC), based in Montreal, and London, U.K.-based Rio Tinto have approved spending $500 million to increase IOC's annual production of iron ore concentrate to 22 million tonnes (t). The investment is the first phase...
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