Copper $ 5.7915 / lb -0.61%
Brent Crude Oil $ 69.45 / bbl 0.27%
Palladium $ 1265 / ozt -1.79%
Crude Oil $ 66.41 / bbl 0.39%
Natural Gas $ 3.112 / Btu 0.06%
Silver Futures $ 39.055 / ozt -0.60%
Aluminum Futures $ 2608.5 / ton -0.13%
Micro Gold Futures $ 3343.8 / ozt -2.50%
Micro Silver Futures $ 39.045 / ozt -0.57%
Platinum $ 1416.4 / ozt -2.19%
Gold Futures $ 3343 / ozt -0.86%
Go to MDC Markets

Vale bends to new quarterly iron ore pricing model

Andrew Topf | December 08, 2011 | 12:53 am China Europe Iron Ore 

Pressured by Asian and European steelmakers not wanting to be locked into expensive iron ore contracts, Vale SA (NYSE:VALE) has bent to a new system that would see lower quarterly prices. The Big 3 iron ore producers — Vale, Rio...

Mining.com Recommends