Iron ore prices 2009

As we enter the last quarter of 2008, so discussions commence on the 2009 iron ore price level. Following on from the mid-contract 20% price rise sought for Chinese consumers by Vale just weeks ago [September 2008], industry talk at present is of a 30% iron ore price increase in 2009. This would of course follow the massive price rises of between 65% to 95% seen during 2008.

For further reports on the expected price increase, see http://www.ft.com/cms/s/0/7e5152dc-7b3d-11dd-b839-000077b07658.html

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