The discovery of large iron ore with reserves exceeding 3 billion tons in Benxi is good for iron ore negotiations

The reporter learned yesterday that a huge iron ore with proven reserves of more than 3 billion tons has been discovered in Dataigou, Qiaotou Town, Benxi City, Liaoning Province. According to experts, the industrial type of the deposit is a mixed type of magnetite and hematite. It is an extra-large iron ore deposit with an iron ore grade ranging from 25% to 62%. The current 3 billion tons of proven reserves are only conservative figures, and the actual reserves are likely to double.

According to industry insiders, the discovery of this mine and the recent joint efforts of the China Iron and Steel Association by China Iron and Steel Association to rectify the speculation of imported iron ore will likely play an important role in the ongoing iron ore negotiations. Enterprises create pressure.

Analysts pointed out that "no worries about not being able to buy mines" is a view repeatedly mentioned by the China Iron and Steel Association in this year's iron ore negotiations, because the supply of iron ore is expected to reach 200 million to 300 million this year. There is a surplus of tons, and the discovery of the Benxi Dataigou Iron Mine will undoubtedly weaken the strong position of the three major iron ore producers on the supply side, making China more confident to "talk slowly" and stick to 40% Price reduction request.

This article comes from: China Metallurgical Equipment Parts Network (http://www.cmepc.org.cn) Detailed source reference: http://www.cmepc.com/html/hangyezixun/200906/25-13504.html