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BEIJING (Reuters) -China Mineral Resources Group (CMRG), a new state-owned agency, is set to be the world's biggest iron ore buyer as soon as next year, when it will start buying for about 20 of the largest Chinese steelmakers, Bloomberg News reported.
CMRG was set up this year to buy raw materials for the country's giant domestic steel industry, as Beijing steps up efforts to increase control over the natural resources needed to feed its economy.
China typically buys about two-thirds of the w...
>>> Read more: China's new state-run agency to start iron ore purchases -Bloomberg News
CMRG was set up this year to buy raw materials for the country's giant domestic steel industry, as Beijing steps up efforts to increase control over the natural resources needed to feed its economy.
China typically buys about two-thirds of the w...
>>> Read more: China's new state-run agency to start iron ore purchases -Bloomberg News
