FT News Briefing China’s state iron ore buyer flexes muscles
16 snips
Jan 16, 2026 
Ed White, an FT reporter based in Shanghai, shares insights on China's growing influence in the global iron ore market through the China Mineral Resources Group (CMRG). He explains how CMRG consolidates purchasing power, enhancing China's negotiating leverage with global miners. White raises concerns about the risks of state-led commodity control, warning that CMRG might expand into other resources like lithium and copper. He also sheds light on Australia's heavy reliance on iron ore exports, highlighting its economic significance.
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