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Iron ore price negotiations continued between global miners and Chinese steelmakers, with various news reports suggesting that a new deadline has been set for this month, and that the Chinese steel mills may be making a concession on the deep price cuts they seek.
FORBES: Magazine Article
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China relies on Australia for imports of iron ore, the price negotiations for which are increasingly acrimonious.
WSJ: The Rio Tinto Lesson
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After months of negotiations, China's steelmakers agreed to pay up to double the price for the iron ore they buy from Rio Tinto, the biggest-ever annual rise in the cost of the commodity.
ECONOMIST: Business this week