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Magnum Mining Repositions Supply Chain Amid U.S. Steel Tariffs with Chinese Partners
8:27am on Monday 2nd of June, 2025 AEST
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Mining
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Magnum Mining Repositions Supply Chain Amid U.S. Steel Tariffs with Chinese Partners
8:27am on Monday 2nd of June, 2025 AEST
Key Points
U.S. imposes 25% tariff on steel and aluminium imports
Magnum initiates supply strategy review focusing on local ore supply for U.S. market
Engagement with The Luli Group in China to strengthen supply chain resilience
Buena Vista Iron Deposit fully permitted and ready for mining
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