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True giants of mining: World’s top 10 iron ore mines

The price of iron ore on Thursday turned positive amid new signs that China, which dominates the seaborne trade in the steelmaking raw material, will be pushing ahead with stimulus programs to .

Iron oreWikipedia

Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel—98% of the mined iron ore is used to make steel. Indeed, it has been argued that iron ore is “more integral to the global economy than any other commodity, except perhaps oil”.

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Iron Ore Mining News and Commentary |

China, the world’s biggest consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.

BrazilMining Equipment |

Brazil – Mining EquipmentBrazil – Mining . The price for iron ore (a crucial indicator for this sector in Brazil), went from US$40/metric ton (62 percent grade) to almost US$90/metric ton, but it dropped to US$70 by late April 2017. . Brazil – Mining Equipment. This is a best prospect industry sector for this country. Includes a market .