Paul, I concur. As Bloomberg reports: The China Iron & Steel Association is holding price talks with Vale instead of Rio after the detentions, the Australian Financial Review reported July 16, without saying where it got the information. (www.bloomberg.com/apps...)
Vale should be the winner in the "Iron Wars". Either on a better benchmark or simply favored spot orders.
Copper Prices Leave S. American Producers Feeling Down [View article]
LME stock piles for copper and zinc are going down. Even nickel looks like LME stores will start to drop. Nonferrous prices are climbing. Room for great optimism in the miners.
China Piles Legal Pressure on Rio [View article]
I concur.
As Bloomberg reports:
The China Iron & Steel Association is holding price talks with Vale instead of Rio after the detentions, the Australian Financial Review reported July 16, without saying where it got the information.
(www.bloomberg.com/apps...)
Vale should be the winner in the "Iron Wars". Either on a better benchmark or simply favored spot orders.
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