China on the Prowl for Iron Ore
The Seekingalpha.com reports China on the Prowl for Iron Ore:
With steel demand rising steadily, China has its eye on acquisitions for iron ore and copper in 2010 after a record $32B overseas takeover in 2009. China will hunt particularly for iron ore in the new year according to Jing Ulrich, the chairwoman of China equities and commodities at JPMorgan Chase & Co in Hong Kong.
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Fri, Feb 12, 2010
Post by Melissa Pistilli, Iron Senior Reporter