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China consolidates iron ore demand to challenge BHP, reshape pricing

China consolidates iron ore demand to challenge BHP, reshape pricing

China has moved in earnest to secure leadership in the global iron ore market. In this market worth about $190 billion (about 287 trillion won), it aims to leverage its status as the largest buyer to shake up even the price-setting structure. Foreign media said China,...

Gulf ceasefire ‘fundamental’ to global shipping: FM spokeswoman

Gulf ceasefire ‘fundamental’ to global shipping: FM spokeswoman

A ceasefire, as well as peace and stability, in the Gulf region are the fundamental prerequisites for keeping the international shipping route safe and unimpeded, a spokeswoman for China’s Foreign Ministry has said. Mao Ning made the remarks after United States...

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