China is seeking to diversify its sources of iron ore and secure long-term supply. Photo: AFPChina is seeking to diversify its sources of iron ore and secure long-term supply. Photo: AFP
China is seeking to diversify its sources of iron ore and secure long-term supply. Photo: AFP

China’s new Yantai deep water port receives first iron ore mega ship from Brazil’s Vale

  • Brazilian miner Vale docked a massive Valemax ship at the Port of Yantai on Wednesday, as China seeks to diversify sources of iron ore
  • Shipments from Brazil will not challenge Australian miners in the short-run, but show China is looking to secure a reliable long-term supply

Topic |   China economy
China is seeking to diversify its sources of iron ore and secure long-term supply. Photo: AFPChina is seeking to diversify its sources of iron ore and secure long-term supply. Photo: AFP
China is seeking to diversify its sources of iron ore and secure long-term supply. Photo: AFP
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