Although China accounts for more than 65% of iron-ore demand – making it home to some of the industry’s largest customers – the persistent slowing of the Chinese economy and drop in iron-ore prices in 2015 resulted in local miners having to restructure their businesses to adapt, consequently enabling them to capitalise on the price recovery. Article by Khutso Maphatsoe with insights from Mandi Dungwa, portfolio manager for Kagiso Asset Management.
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