China locks in year-long supply of South African iron ore as Beijing expands grip on $132 ...

China's state-backed buyer CMRG secured a year-long iron ore supply agreement with South Africa's Kumba Iron Ore, strengthening Beijing's control over Africa's iron ore exports and diversifying supply away from traditional Australian and Brazilian producers. The deal highlights China's strategy to centralise iron ore purchases, influence pricing, and prioritise high-quality African ore while depending on South African logistics improvements.

This Wire brief sits within Fusion42's coverage of Mining.