middle.news

Magnum Mining Repositions Supply Chain Amid U.S. Steel Tariffs with Chinese Partners

8:27am on Monday 2nd of June, 2025 AEST Mining
Read Story

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
Read Story
middle.

Tap to Read

Tap the card to read the full analysis
about Magnum Mining and Exploration (ASX:MGU)
OPEN ARTICLE