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The company has begun the first shipments of iron ore from the project, with production ramp-up expected to last approximately 30 months. At full capacity, the mine will account for approximately 7% of global seaborne supply, in market terms.
In our view, if Simandhu's production ramp-up goes on schedule, it could put downward pressure on global iron ore prices in the medium term.
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Azovpromstal® 14 November 2025 г. 07:00 |
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