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China miners: Who’s the daddy?

Posted on 11 March 2013

For all its riches, China has a problem that money cannot solve: its reliance on the world’s biggest miners to meet its resources needs. While it is home to significant resources, it lacks a contender to BHP Billiton, Rio Tinto and Vale. Hence Beijing’s irritation recently when iron ore prices hit 16-month highs.
Last week, its top economic planning body accused the world’s biggest mining companies of manipulating the iron ore price………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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