China Rumblings over BHP/RIO

Published: July 30, 2009, 5:28 p.m.

b'While China has been holding out for a 40% discount in the long term contract price for iron ore, other markets have agreed to a 33% discount, plus spot price for iron ore is moving up\\n\\nDavid continues his analysis of the BHP/RIO, by making comment on their proposed joint venture and how China is lobbying hard to have the joint venture proposal overturned.'