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High Grade Iron Ore Witnesses Broadening Demand

7 January 2020


High Grade Iron Ore Witnesses Broadening Demand, Limited Supply, and Rising Global Prices: Is Opportunity at Doorstep for Magnetite Mines?

Changing climate, societal impact of harmful pollutants, and the Chinese government’s recent move towards more sustainable steel production are among the factors that are driving the global demand for high-grade iron ore pellets. Industries are increasingly shifting their focus to more sustainable and environmentally conscious manufacturing practices.

In a race to become the world’s largest economy, China, also a global economic powerhouse, is currently dealing with an enormous amount of industry-related air pollution, resulting in a devastating impact not only on the citizens’ health but also on crop yields.

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