China may use BHP-Rio iron ore tie to seek price cuts
Dec 07, 2009 | 11:40 AM
|
China could leverage on BHP Billiton and Rio Tinto's proposed iron ore merger to bargain for lower prices at benchmark talks, some analysts said.
The binding deal between the two miners, signed over the weekend, would integrate their Pilbara operations in Western Australia and lower their output costs, Umetal chief analyst Hu Kai said, adding that this could become a bargaining chip for China.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here