Global mining companies are expressing confidence in the demand for ore from China, particularly as signs of recovery emerge in the country's real estate sector. BHP CEO Mike Henry noted that recent stimulus measures from Beijing are positively influencing the construction sector, which heavily relies on iron ore and copper. He believes that consumer confidence is rebounding, although he cautioned that economic recovery must be built on solid fundamentals. Meanwhile, Rio Tinto's Chief Commercial Officer, Bold Baatar, highlighted a shift in China's steel sector towards higher-quality ore amid declining demand from residential construction, which is being offset by growth in the energy and electric vehicle sectors. Additionally, iron ore imports to China saw a slight decrease in October but remained higher year-on-year, indicating ongoing demand amid improved production margins for steelmakers.