In the latest move by Chinese authorities to diversify the country's iron ore supply sources, the Ministry of Natural Resources has stated its support for the development of domestic iron ore reserves.
Responding to a proposal made by a member of the People's Political Consultative Conference during the "Twin Sessions" meeting in Beijing in March, the Ministry of Natural Resources announced on August 23 that it will push to classify iron ore as a strategic mineral resource.The ministry added that it will also move to make iron one of the main...