As iron ore surged to US$144/t in January, so did the supply into China from non-traditional sources, says Citi.
They note that “17.5% of iron ore imported into China in Jan-Feb’24 came from non-traditional sources”, well above the 10-year average of 14%, and “one of the highest in recent years”.
As iron ore surged to US$144/t in January, so did the supply...
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