Beijing has tapped China Mineral Resources Group, the state buyer that already dominates its 130-billion-dollar iron ore import market, to help coordinate overseas mining acquisitions and strategic resource investments.
Created in 2022 to centralize purchasing and wring concessions from miners like BHP, Rio Tinto and Vale, CMRG has pressed for price cuts reported near 20 percent and nudged majors off a long-standing pricing index.
Extending that playbook to copper, lithium and other inputs would hand China new leverage over supply chains the West is racing to rebuild.
Sources: InvestorNews, Bloomberg, The Economy.
