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Rio Tinto Stock Worth $82 Despite Iron Ore Price Volatility
Nov. 03, 2011 02:46PM PST
Base Metals Investing Forbes reported iron ore prices have been sliding in the spot market over the past few months as a result of weak demand.
Forbes reported iron ore prices have been sliding in the spot market over the past few months as a result of weak demand.
As quoted in the market news:
In response to this, industrial customers for iron ore are asking for shorter iron ore shipment contracts that are priced closer to the spot market prices. Rio Tinto‘s CEO Tom Albanese recently acknowledged this request.Â
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