China's iron ore portside discount to seaborne prices shrinks in March as import demand dips

Meanwhile, the two countries account for 4% of seaborne supplies.

Guinea’s ruling junta has ordered a full halt of Rio Tinto’s (ASX, LON, NYSE: RIO) vast Simandou iron ore project in the country’s southeast.

A mining company controlled by billionaire Robert Friedland is counting on getting access to a Liberian railway in order to develop its Nimba project in neighboring Guinea.

China plans sharp increase in overseas iron-ore output by 2025

"Iron ore prices could be pressured this year on lower output of China's crude steel and rising supply of overseas mines," said Zhu.

Black Iron monitoring Russia’s incursion into eastern Ukraine

In the process of development, China adopts counter-cyclical macro-control measures－it boosts growth mainly by increasing infrastructure and real estate investment－which leads to surge in demand for bulk commodities. This naturally leads to speculation.