19 November 2025 | 3:35PM AEDT Equity Research Global Metals & Mining: China M&M Field Trip: Strong steel exports & mill restocking to support Fe; Al/Cu/RE markets robust, Li improving We recently traveled to China with a group of international investors where we visited companies in Beijing, Shandong, Ningbo and Shanghai across the steel/iron ore, coal (metallurgical), copper, aluminium, rare earths, lithium, equipment, property and construction sectors. We came away from the trip with the following conclu ...