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Mineweb reported China launched a new physical iron ore trading platformwill help strengthen its pricing power and wrest control from global ore suppliers.
Mineweb reported China launched a new physical iron ore trading platformwill help strengthen its pricing power and wrest control from global ore suppliers.
As quoted in the market news:
The China Beijing International Mining Exchange (CBMX) launched the online platform together with the China Iron & Steel Association (CISA) and the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters.
CBMX also launched a new pricing index that it hopes will better reflect actual supply and demand and eliminate the effects of speculation and manipulation.