MARKETS SPECTATOR: Miners want a Vale-China battle

Australia's iron ore miners held their collective breath when one of Vale's very large ore carriers docked in China last week, but it may have been a false alarm.

BHP Billiton and Rio Tinto could have been forgiven for uttering a shriek when news last week broke that their biggest iron ore rival, Vale, had berthed one of its 400,000 deadweight tonne vessels at a Chinese port. The shipping industry was breathless in anticipation that Vale and China had finally ended a dispute that has prevented Vale from exporting its iron ore via the largest bulk carriers in the world.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles