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Credit Suisse sees its iron ore paper market growing

Posted on 03 February 2009

From Guardian: Switzerland’s bank Credit Suisse expects trading volumes at its over-the-counter iron ore paper market to more than double to over 15 million tonnes by end-2009, a senior executive at the bank said.

Uncertainty in the global economy and increased volatility in iron ore and steel prices and volumes are likely to encourage steelmakers to do more business on the spot market, Kamal Naqvi, head of fund coverage of commodities at Credit Suisse said….. Full Article: Source


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