China iron ore exchange trades 242,000 tonnes on first day

May 08, 2012 | 05:48 AM |

A total of 242,000 tonnes of iron ore were traded on the first day of business on China’s first physical iron ore trading platform, senior officials at operator China Beijing Mining Exchange (CBMX) said. CBMX members can buy or sell iron ore by placing bids and offers on the....

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