China to step up development of local iron ore resources

China’s will strengthen the exploration and development of its domestic iron ore resources and work to ensure that steel capacity cuts are fully observed, according to it economic planner.

“Domestically, we will intensify the exploration and development of iron ore resources, accelerate the construction of new and ongoing iron ore projects, and improve consumption of recycled iron-steel materials,” Jin Xiandong, a spokesperson for the country’s National Development & Reform Commission (NDRC), said at a press conference on Tuesday May 18.

“Internationally, we will encourage qualified enterprises to actively develop overseas...

Published

Zihao Yu

May 18, 2021

09:55 GMT

Singapore