"Iron Ore Trading Platform in China - Chinese Initiative for Iron Ore Price Discovery" Published
China, the biggest consumer of iron ore in the world, has created its new online electronic exchange, the China Beijing Metals Exchange (CBMX), in order to initiate price discovery and fixation of spot prices for iron ore purchase and sale transactions. The exchange is globally the first online electronic trading platform and aims to be a standard in iron ore pricing.
View full press release