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Commodities Briefing - Categorized | Metals and Minerals, Trading Platforms more

China eyes upper hand in pricing with iron ore platform

Posted on 08 May 2012

China’s first physical iron ore trading platform is set to debut on Tuesday, helping the world’s biggest buyer of the commodity boost its price-setting influence.
The timing looks perfect. Nearly all iron ore sold to China is now based on spot prices, with the industry evolving over the past two years after four decades of yearly-set contracts………………………………………..Full Article: Source


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