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Vale joins China’s iron ore trading exchange China’s new spot iron ore trading exchange has signed Brazilian miner Vale as its founding member,according to Shanghai Daily report. China Beijing International Mining Exchange (CBMX) and Vale,the world’s largest iron ore exporter,signed an agreement in the port city of Qingdao on April 18. CBMX will officially open business in May.It is backed by major Chinese steel mills and traders in a bid to enhance China’s power
Vale joins China’s iron ore trading exchange China’s new spot iron ore trading exchange has signed Brazilian miner Vale as its founding member, according to Shanghai Daily report. China Beijing International Mining Exchange (CBMX) and Vale, the world’s largest iron ore exporter, signed an agreement in the port city of Qingdao on April 18. CBMX will officially open business in May. It is backed by major Chinese steel mills and traders in a bid to enhance China’s power