| Primarily used as a risk management tool, the growing use of iron ore derivatives is pushing the evolution of the bulk metal into the 21st century. Iron ore's rise to prominence is only recent and there are signs it is following the same path as many of its commodity cousins.
Iron ore watchers from afar have often bemoaned the widely accepted benchmark iron ore price from the Tianjin Port in China because it only updates once per day. While a live price is still a few years off, the increased use of iron ore derivatives allows trades to come through more frequently in a more liquid market...............................................Full Article: Source
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