Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
About a third of China's iron ore mines have halted production and this could rise as high as 45 percent by the end of the year if the price of the steelmaking raw material stays below $70 a tonne, a local mining executive said on Thursday. "I think this is going to get worse and worse," Pan Guocheng, president of the China Hanking Group, told an industry conference in Beijing.
About a third of China's iron ore mines have halted production and this could rise as high as 45 percent by the end of the year if the price of the steelmaking raw material stays below $70 a tonne, a local mining executive said on Thursday. "I think this is going to get worse and worse," Pan Guocheng, president of the China Hanking Group, told an industry conference in Beijing.
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