| 21.10.2011 - Steeling for more commodities volatility |
| Remember when Vale and BHP, two of the world’s biggest iron ore miners, changed their pricing contract methods with China and Japan? The move from annual to quarterly contracts came amid resurging Chinese demand for iron ore, which put the miners in a powerful position. By re-setting the prices more frequently in a rising market, profits were predicted to soar, and indeed they did..............................................Full Article: Source |