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.....
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