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