The iron ore prices are very likely to double this year with the new Quarterly Pricing System, which will provide more price volatility due to the spot price market. Very interesting update from March 30th is that there is now an agreement between the top iron ore miners like Vale of Brazil and BHP Billiton [...]
According to media reports, major iron ore exporters, including BHP Billiton and Rio Tinto, have reached a preliminary agreement to move away from annual contract pricing to quarterly arrangements.
The short term iron ire pricing contracts would be linked to the iron ore spot price, which would see iron ore prices more than double from the [...]
