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18 Jul
13:23

China to set up iron ore procurement giant

China is preparing to establish a centrally-controlled iron ore sourcing group and expects to see its initial emergence by the end of 2022, Kallanish notes. Last week, Yao Lin, chairman of Aluminum Corporation of China (Chinalco), left his post. He is said to ingbe lead the new iron ore resources platform, rumored to be called the "China Iron Ore Group" or "China Mineral Resources Group". In addition, official information shows that h…
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