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    iron investing

    Vitol Makes First Trade in Iron Ore

    Investing News Network
    Mar. 29, 2012 02:56PM PST
    Base Metals Investing

    Reuters reported Vitol has made its first major move into iron ore, with an offtake agreement with London Mining (LSE:LOND).

    Reuters reported Vitol has made its first major move into iron ore, with an offtake agreement with London Mining (LSE:LOND).

    As quoted in the market news:

    Traders and banks have been piling into physical iron ore trading alongside strategic buyers seeking to secure volumes, attracted by large trading volumes, a pricing mechanism that is becoming far shorter and China’s appetite for steel as it expands cities, power lines and rail links.

    Click here to read the full Reuters report.

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