The annual battle to settle iron ore prices appears headed toward deadlock, but exchanges are quietly looking at developing contracts that could change the way the industry sets prices.
Iron Ore Mining News
Siemens VAI Expands Local Business in Russia – Need for Modernization in the Iron and Steel Industry Calls for Local Competence and Value Adding
Rio Tinto plans to invest $371 million to automate its iron ore railway in the Pilbara region of Western Australia, following successful trials, the UK-Australian mining group said Monday.
Steel-making materials such as iron ore, coking coal and manganese have hit the headlines this year in light of record prices due to a boom in demand from the industrialising economies of China and India.