Foreign media: On November 11, the Simandou iron ore project in Guinea held its launch ceremony, with the first batch of iron ore about to be shipped. The project is expected to reshape global iron ore supply and pricing.
Simandou is the world's largest undeveloped high-grade iron ore reserve, with most of the iron ore being transported to China, as Chinese companies have made significant investments in this project. However, the project has been overshadowed by geopolitical tensions as it nears completion.
The Guinean authorities rejected a batch of 18 Chinese-made locomotives destined for Conakry port in September, claiming they violated the joint development agreement signed with an international consortium, which stipulates that the locomotives must come from the United States.
Original article: www.toutiao.com/article/1848553243047936/
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