Multiple choice

Price of Iron ore in Global market registered a substantial rise in last few months (24%). This is attributed to the huge demand of the same in Global Market. Which of the following is a major importer of the Iron ore?

  1. France

  2. South Africa

  3. Singapore

  4. Britain

  5. China

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

China's rapid industrialization and infrastructure development during the mid-2000s made it the world's largest importer of iron ore, significantly impacting global market prices.