Vale to Link Physical Iron ore Prices with the Iron Ore Futures on DCE in China

Vale- the Brazilian iron ore mammoth signs a deal with a Chinese steel firm to supply iron ore linked to the prices of iron ore on the Dalian Commodity Exchange in China.

  • The agreement marks the very first entry of an international iron ore supplier to use mainland iron ore futures price to trade in physical.
  • Under the agreement, the Shandong-based Yongfeng Group would buy the iron ore, the prices of which would be linked to the DCE iron ore May 2020 future prices.

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

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