Currently viewing Global edition

Chinese group poised to shake iron ore sector

New state-backed China Mineral Resources Group, which is set to become the world’s largest iron ore buyer, could start purchases as soon as next year and is already in discussions with leading producers Rio Tinto, BHP, and Vale, Bloomberg News reported.

Chinese group poised to shake iron ore sector Chinese group poised to shake iron ore sector Chinese group poised to shake iron ore sector Chinese group poised to shake iron ore sector Chinese group poised to shake iron ore sector

Citing people familiar with the situation, Bloomberg said the current structure for "term" supply contracts - in which steelmakers place orders on a quarterly basis and use a spot index for pricing -

Most read Commodities