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Vale (RIO) pushes China for higher prices

September 4, 2008 · Filed Under Gold and Resources · Comments 
"When yearly contracts were made in February at an 86% increase on last year’s prices, China’s steel producers gulped so hard they nearly swallowed their own teeth. But that wasn’t the end of it. Both Rio Tinto and BHP renegotiated their contracts for even higher prices this summer. And now its big brother’s turn." — [...]

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Rio Tinto (RTP) and China Send Iron Ore Prices Up 96% in One Week

June 25, 2008 · Filed Under Gold and Resources · Comments 
“Anyone who thinks China’s insatiable hunger for metals is going to subside any time soon need think again. On Monday it was announced that Chinese steelmakers have agreed to a new contract with Rio Tinto (RTP:NYSE) for the price of iron ore, which saw a 96.5% rise on last year.” — Dominic [...]

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