China’s Iron Ore Giant Says Speculation is Overheating Prices
Iron ore risks becoming detached from physical market reality, as financial speculation drives strong prices more so than underlying supply and demand, according to state-backed trader China Mineral Resources Group...
By Katharine Gemmell · Bloomberg Markets
Iron ore risks becoming detached from physical market reality, as financial speculation drives strong prices more so than underlying supply and demand, according to state-backed trader China Mineral Resources Group Co.