| Global volume of iron ore swaps may jump to 80 million tonnes by 2015, around four times last year’s level, as interest in the hedging tool rises, an industry official said on Tuesday.
“Taking today’s growth and applying it as a flat rate we’re looking at 80 million tonnes by 2015. This is how much potential we are seeing in this trade,” Gabrielle Richou, marketing director at Singapore-based Iron Ore and Steel Derivatives Association, told an industry conference...............................................Full Article: Source
|