India may pull out of ore exports to China
The head of India’s biggest iron ore producer says the country will stop shipping ore to China in as little as five years, a move that will make room for about 100 million tonnes of new Australian production.
The head of India’s biggest iron ore producer says the country will stop shipping ore to China in as little as five years, in a move that will make room for about 100 million tonnes of new Australian production and underpin firm spot market prices for the future.
National Mineral Development Corporation chairman Rana Som made the comments in Perth yesterday, on a visit to oversee the Indian-government backed company’s tie-up with emerging Australian explorer Legacy Iron Ore .
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