Gambit of the steel titan: China’s quest to reroute the world’s iron veins
China, as the globe’s premier steel producer, is pivoting to diversify its iron ore sources, eyeing reduced dependence on major suppliers like Australia. This shift has gained traction with intense negotiations around Guinea’s Simandou range, a high-grade iron ore treasure trove. Rio Tinto, Chinese state-owned enterprises, and the Guinean government are collaborating on an ambitious […]