China have been the leader in world rare earth and solar panel stage, and now have an eye on the following target, the strategic but low-tech iron ore.
Currently, top three mining giants Vale, BHP Billiton and Rio Tinto tyrannize over the global steel industry, and especially badly hurt China. The biggest consumer vow to end their monopoly, increase its domestic iron ore production and even become No.1 supplier.
It is reported that China is designed to realize annual crude iron ore production of 1.5 billion tonnes as of 2015, a leap of 50 percent over current annual rate, and completely break down the inviolable miners overseas. Meanwhile, government is making efforts to realize 200 million tonnes of iron ore equity as of 2015.
The dependence rate on imported iron ore will decline to 42 percent in 2015, from current 63 percent, predicted by marketers.
(To contact the reporter on this story: tongmei@steelhome.cn or 86-21-50585358) |
