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Chinese authorities have called on local iron ore producers to accelerate key mining projects in a renewed push to cut the country’s heavy reliance on imported ore from Australia, Brazil and other suppliers.
According to industry briefings, the China Iron and Steel Association (CISA) has urged state-owned and private miners to speed up exploration, project approvals and capacity ramp-up at priority deposits, as well as to improve supporting rail and port logistics. The move comes as the world’s largest steel producer continues to grapple with price volatility and supply risks in the seaborne iron ore market.
China has already taken steps to strengthen its bargaining power with global miners through the creation of China Mineral Resources Group, a state-backed iron ore trading giant that coordinates a large share of import purchases.
By pairing that external strategy with a renewed focus on domestic ore development, Beijing aims to lift self-sufficiency, stabilise raw material costs for its one-billion-tonne steel industry and support longer-term goals around supply security and industrial resilience. Analysts note, however, that much of China’s remaining ore is lower grade and higher cost, meaning significant investment will be needed in processing and infrastructure to make these projects competitive.
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