Diplomatic spat raises calls for new ore pricing system

15 Jul 2009

The mounting war of words between China and Rio Tinto is sparking calls for change in how iron ore should be priced. It could lead to an industry shake-up.

The recent wrangling between Anglo-Australian companies BHP Billiton and Rio Tinto and China’s steelmakers over the cost of iron ore is prompting suggestions that the annual pricing system for the ore should be tweaked.

The latest crisis over the cost of iron ore looks as if ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial