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Article: China to concern 2006 iron ore long-term agreement price negotiations.(Brief article)
- Article from:
- China Chemical Reporter
- Article date:
- March 26, 2006
CopyrightCOPYRIGHT 2006 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Officials from the Ministry of Commerce (MOC) and the National Development and Reform Commission (NDRC) said that the Chinese Government has great concern over the 2006 iron ore long-term agreement price negotiations. The Chinese Government emphasizes that the iron ore pricing should be in favor of establishing fair international economic order and achieving cooperation and mutual benefits between producing countries and consuming countries.
There are rich iron ore reserves in the world. The proven reserves have already reached 140 billion tons. Based on an output of 1.3 billion tons a year today, iron ore reserves are enough at least for 100 years' mining. The ...