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China’s iron ore supply to remain ample as an Australian miner signed a supply agreement with a domestic steel company
Oct 15,2020 14:13CST
industry news
Source:SMM
Fenix Resources Ltd., an iron ore exploration company, said Wednesday that it had signed an agreement with a Chinese steel company to sell half of the production of its Iron Ridge project in Western Australia, with the other half sold to Hancock Prospecting’s Atlas ron. Production of the project will start later this year, and the first batch of cargoes will be delivered in early 2021, the company said.
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