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<ul><li>Global miners see China as a source of stability for future iron ore demand due to increased infrastructure investment this year and the country’s ongoing urbanization drive.</li><li>The words of optimism come as iron ore prices have dropped over the past few months, with Chinese steelmakers taking a hit from the slowdown in construction by the country’s troubled developers.</li><li>As China has stepped up infrastructure investment to bolster economic growth, the world’s biggest iron ore miners said the stimulus would put a floor under short-term steel demand.</li></ul>

Global miners see China as a source of stability for future iron ore demand due to increased infrastructure investment this year and the country’s ongoing urbanization drive.The words of optimism come as iron ore prices have dropped over the past few months, with Chinese steelmakers taking a hit from the slowdown in construction by the country’s troubled developers.As China has stepped up infrastructure investment to bolster economic growth, the world’s biggest iron ore miners said the stimulus would put a floor under short-term steel demand.

Global Mining Heavyweights See China Propping Up Iron Ore Demand

Equity Bottom-Up

China Mineral Resources Group / Equity Bottom-Up

<ul>
<li>China’s central government formally launched a state-owned iron ore giant to consolidate China’s massive mining investments and coordinate global purchases of steelmaking materials for the world’s largest steel producing nation</li>
<li>With registered capital of 20 billion yuan ($3 billion), China Mineral Resources Group was established Tuesday in the Xiongan New Area</li>
<li>Creation of the enterprise is seen as part of China’s long-pursued goal of enhancing its position in the global iron ore trade</li>
</ul>


China’s central government formally launched a state-owned iron ore giant to consolidate China’s massive mining investments and coordinate global purchases of steelmaking materials for the world’s largest steel producing nation
With registered capital of 20 billion yuan ($3 billion), China Mineral Resources Group was established Tuesday in the Xiongan New Area
Creation of the enterprise is seen as part of China’s long-pursued goal of enhancing its position in the global iron ore trade


China Debuts $3 Billion State Iron Ore Giant

China

The company was registered with businesses spanning mining, ore processing and trading, international freight services, supply chain management and asset management services.

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China Mineral Resources Group (CMRG CH)

Global Mining Heavyweights See China Propping Up Iron Ore Demand

Global miners see China as a source of stability for future iron ore demand due to increased infrastructure investment this year and the country’s...

Caixin Global

China Debuts $3 Billion State Iron Ore Giant

China’s central government formally launched a state-owned iron ore giant to consolidate China’s massive mining investments and...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)