Iron ore tipped to hit $US75 a tonne

By Daniel Palmer

According to various media reports, BHP’s China boss Chai Tan met with the National Development and Reform Commission (NDRC) last week, during which the NDRC reportedly labelled the current iron ore pricing model “problematic”. “We should look for a new pricing model at a time when there are changes in the supply-demand dynamic and iron ore prices are entering a downward spiral,” NDRC deputy inspector Li Zhong Juan said, according to The Australian.

Read more here: Business Spectator


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