China’s 2023 iron ore output seen higher as new projects come online: analyst

China’s iron ore output in 2023 is expected to rise 3.5% from the previous year to 238 million mt as miners commission new production capacity, an analyst with investment bank Orient Securities said Nov. 29, in a development that could help slightly cut back the country’s huge iron ore purchases in the longer term. Miners faced challenges during 2021-2022 as…