China’s iron ore futures may finally give it pricing benchmark
Nov 18 (Reuters) – China is making its third attempt in two years to have a bigger say in pricing iron ore. This time it may have hit on the winning formula.
Brisk trade in the first month on Dalian iron ore futures brings Beijing a big step closer to its goal of a China-based pricing benchmark for the world’s second most traded commodity after oil, and the biggest earner for top miners Vale , Rio Tinto and BHP Billiton .
Read more at: http://in.reuters.com/article/2013/11/18/china-ironore-futures-idINL3N0IB28H20131118
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