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Mineweb reported that Anglo American (LSE:AAL) would implement iron ore hedging from the second half of this year to boost volumes in the fast growing financial market.
Mineweb reported that Anglo American (LSE:AAL) would implement iron ore hedging from the second half of this year to boost volumes in the fast growing financial market.
David Trotter, global head of iron ore sales for Anglo American, stated:
In the second half of this year we will definitely implement that (iron ore hedging)
As quoted in the market news,
Iron ore derivatives traded on the Singapore Exchange have roughly doubled in volume each year since their launch in 2009, but are still roughly half the 1.3 billion tonnes of physical seaborne iron ore traded globally each year.