By Kishori Krishnan Exclusive To Iron Investing News Global commodity demand appears to be bouncing back. Miners, who had been savagely affected by the recession as customers slammed the brakes on spending and relied on the backlogs in their warehouses, are also reporting a pick-up. Steadily rising prices for key commodities such as copper and [...]
Senior Chinese steel industry officials has called on Beijing to consider abolishing spot iron ore trade and sharply has reduced the number of licensed importers, which they blame for undermining their position in deadlocked iron ore price talks. For full story, click here
As per a report from the Lake Carriers’ Association, the US Great Lakes’ iron ore trade suffered another bad month in June. For full story, click here
Global iron ore trade, which is dominated by companies like BHP and Rio Tinto and Vale of Brazil, is poised to see radical new price trends in 2009, thanks to output cuts and volatile market conditions in the last few months. For full story, click here
Russia reported that it is continuing to trade in the international market on research and development investment from the Soviet-era and faces stooping to the level of iron supplier if gaps in high-technology capabilities are not filled. For full story, click here
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