Here's your TL;DR for this morning's news.
The group aims to give Chinese steel producersThis week Chinese state media outlets reported the registration of theIt's reported that the group will engage in the import of minerals, along with exploration, mining and investment activities, excluding coalThe creation of the group is seen as an attempt by the industry to gainThat's because the prospect of steel mills across China consolidating their purchases into large bulk orders to demand steep discounts on contracts could chip...
Analyst Erik Hedborg said trying to coordinate the supply of iron ore within China would be challenging."At the end of the day, we believe markets will sort out where the prices need to be based on supply and demand," Mr Lamont said.and former chancellor of the exchequerin the running to replace Boris Johnson as Conservative Party leader and next UK prime minister
In five rounds of voting, Conservative MPs whittled eight candidates down to two. Now all party members get to vote for their preferred leader out of Rishi Sunak and Liz Truss.
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