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(Bloomberg) -- China is about to upend the $160 billion iron ore trade with the biggest change in years, consolidating purchases of the raw material under a single state-owned buyer as Beijing expands efforts to increase control over the natural resources needed to feed its economy.
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>>> Read more: Chinaâs New State-Run Iron Ore Giant Set to Start Purchases
Most Read from Bloomberg
Trump Hawks Superhero NFT Trading Cards as Crypto Universe Implodes Is Putin Finally Getting Smart About His Ukraine Disaster? Elon Muskâs Tesla Share Sales Approach the $40 Billion Ma...
>>> Read more: Chinaâs New State-Run Iron Ore Giant Set to Start Purchases
