Aditya Birla Group Restarts Mining Operations in Iron Ore Segment

Indian commodities trading firm Aditya Birla Global Trading, part of the diversified Aditya Birla Group, is restarting its iron ore trading operations, three industry sources familiar with the situation told Reuters.

The company, which is headquartered in Singapore and trades in agriculture, energy and metals, had suspended its iron ore business in 2022. It is now returning to the iron ore market with a renewed focus on China, according to two of the sources, who spoke on condition of anonymity because they were not authorised to discuss the matter publicly.

The move comes as other traders scale back or exit iron ore trading amid record‑low price volatility. Iron ore has lagged behind other commodities such as aluminium and copper, which have attracted increased attention from energy traders seeking to capitalise on buoyant markets.

China’s iron ore market — valued at around $132 billion — has seen subdued price swings in recent years as state buyer China Minerals Resources Group consolidates purchases and attempts to dampen volatility, industry participants say.