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Big iron ore miners may use their pricing power to spark a rally
Published Mon, Dec 14, 2015 · 09:50 PM
Singapore
THE world's biggest iron ore miners have accumulated an unprecedented amount of pricing power after boosting market share, according to Morgan Stanley, which said they may now have an incentive to use the new-found clout by curbing supply to spur a rally.
The four largest producers have expanded their combined share of global supply to 75 per cent after they raised low-cos…
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