Global demand for iron ore will decline over the next 10 years due to falling consumption in China

Scottish energy research and consultancy firm Wood Mackenzie predicts that global demand for iron ore will decrease by 62m tonnes, or 3%, over the next 10 years due to reduced demand in China. As a result, mining investment will fall by 35% by 2033. China's iron ore demand is expected to decrease by about 270 […]