| From Mineweb.co.za: Brazilian mining company Vale will raise iron ore prices about 35 percent to as much as $145 per tonne in July as part of a switch to quarterly pricing, a Brazilian newspaper reported on Sunday,
Markets widely expect iron miners to boost prices to bring them in line with spot ore prices following a shift away from a decades-old benchmark system, although analysts were still unsure exactly how the new pricing mechanism works...........................................Full Article: Source
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