China's attempt at gaining pricing leverage over major producers (VALE, BHP, RIO) by creating a...

|By:, SA News Editor

China's attempt at gaining pricing leverage over major producers (VALE, BHP, RIO) by creating a "super-buyer" of iron ore is likely to be overwhelmed by market forces, says an RBS analyst. "Demand for the product is increasing significantly, and not just from China." MXI +0.4%.