What to expect for the Simandou Iron Ore project in 2026

Source: Mysteel Dec 04, 2025 15:00

On November 10, China's Foreign Ministry announced that it would send a special representative to attend the inauguration ceremony of the Simandou iron ore project the following day. The event on November 11 was attended by the President of Guinea, along with representatives from the Winning Consortium Simandou (WCS), China Baowu, Chinalco, and Rio Tinto. This series of milestone events marks the project's official entry into the production phase, which will not only reshape Guinea's local economy but also have significant implications for the global iron ore supply structure and price trends. This article will introduce the background of the two blocks in the Simandou project and project its production ramp-up by 2030.

I. Simandou Project Commissioning Progress and Product Introduction 1. Simandou Basic Overview and Shipment Plan The Simandou Iron Ore Project, comprising the WCS Mine (blocks 1 & 2) and the Simfer Mine (blocks 3 & 4), holds total resources exceeding 4.6 billion tonnes. It is the world's largest undeveloped high-grade iron

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Iron ore concentrates procurement prices: Anhui major mills

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Iron ore concentrates procurement prices: Inner Mongolia major mills

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