Countries dependent on Chinese supply of strategic metals are pursuing strategies to respond to potential shortages of these metals. But while China’s dominance is causing due cause for concern, it also opens up opportunities for juniors developing alternative supplies outside China, writes Liza Mayer.
By Juan Pablo Spinetto
Anglo American Plc (AAL) expects to sign a contract with steelmaker Ternium SA (TX) by June to supply iron ore from Brazil as it readies the start of its biggest project.
Anglo will supply Ternium with about 25 percent of the 26.5 million metric tons of expected annual iron-ore output from the Minas-Rio project in southeastern Brazil for at least 10 years, Paulo Castellari, the head of Anglo’s iron-ore unit in the Latin American country, said in an interview . Read more