Iron ore monopoly may end by 2015
By Gao Changxin | China Daily | Updated: 2011-03-25 08:11
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A conveyor belt dumps iron ore into a pile at a transfer and storage center operated by the Shanghai International Port Group in Shanghai. China is expected to increase its iron ore production to 1.5 billion tons by 2015, up from 1.1 billion tons in 2010, in a bid to reduce its reliance on imports. Qilai Shen / Bloomberg |
Three companies account for about two-thirds of global supplies
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