• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Market Market
    Market News
    Market Stocks
    • Market Market
    • Market News
    • Market Stocks
    market news

    China Accepts Defeat On Iron Pricing?

    Melissa Pistilli
    Sep. 29, 2009 09:04AM PST
    Market News

    Iron Investing News reports iron-ore pricing issue is going nowhere with China. China, by far the biggest user of imported iron ore, has tried for months to leverage its size and growing influence to muscle miners Rio Tinto (RTP),  BHP Billiton Ltd (BHP) and Brazil’s Vale SA (VALE) into lowering their prices for iron ore, …

    Iron Investing News reports iron-ore pricing issue is going nowhere with China.

    China, by far the biggest user of imported iron ore, has tried for months to leverage its size and growing influence to muscle miners Rio Tinto (RTP),  BHP Billiton Ltd (BHP) and Brazil’s Vale SA (VALE) into lowering their prices for iron ore, used as the chief ingredient in the production of steel.

    Though China produces more steel than any other country, it doesn’t have enough natural iron ore and needs to import it from Australia, Brazil and India. The mining companies sell the iron ore, and each year the two sides hammer out a contract for prices and quantities.

    For complete story, click this link.

    Follow developments in resource mining and exploration for free.

    Sign on to The Resource Stock Watch.

    australiaindiamarket newsbrazilchina
    The Conversation (0)

    Go Deeper

    AI Powered

    Iron-Ore Prices Steady

    Iron Ore: Spot Prices Rises

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES