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The Three Major Iron Ore Mines In Australia Open A New Wave Of Investment
Dec 28, 2017

Australia's largest iron ore producer is investing up to $ 10 billion (A $ 12.5 billion) in its mines to deliver a steady stream of goods to China as there is hardly any sign of slowdown in the demand of their largest customers.Under the leadership of Rio Tinto, the top three exporters in Australia plan to add approximately 170 million tonnes of new capacity to replace the depleted mines and are studying investments in infrastructure and equipment to boost their export capacity to Achieve long-term goal level。According to Deutsche Bank, the output of the three largest miners in 2022 will grow by 9% to 843 million tons. Facts have proved that the slowdown in the Chinese steel industry is misleading, BHP Billiton said production has not peaked and may not peak by 2025 and that steelmaking raw materials will continue to outperform in the next 12 months. Iron ore prices are currently near four-month highs.Hardware Titanium Brush Part Manufacturer

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    E-mail: sales@litongcnc.com


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