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China still building; still consuming

Despite a lack of detail released by the Chinese government with regards its plans to build a new city called Xiongan in Hebei province, Macquarie Bank has had a crack at coming up with what the development might mean for miners.

Michael Quinn
50 million tonnes of new steel demand in the next 10 years from Xiongan, China

50 million tonnes of new steel demand in the next 10 years from Xiongan, China

The commodities team at the investment bank believes there could be about 50 million tonnes of new steel demand in the next 10 years from Xiongan, with another nearly 30Mt required for Tongzhou – a major...

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