China Pushes Ahead With Plan to Cut Reliance on Iron Ore Imports

What’s new: China’s top economic planner said this week that it met with iron and steel industry groups as part of plans to reduce the country’s dependence on foreign iron ore — over the next couple of decades.

Representatives from the National Development and Reform Commission (NDRC), the China Iron and Steel Association (CISA), and the Metallurgical Mines’ Association of China recently discussed accelerating the construction of domestic iron ore projects under CISA’s “Foundation Plan (基石计划),” the NDRC said in a Monday post.