iron ore price spec up 30% Australian, Brazilian iron ore miners hope to lock in price
rises over 30% next week as new negotiations begin in Tokyo with Japanese steel
producers, analysts say. BHP Billiton (BHP), Rio Tinto (RIO) and Brazil's
Companhia Vale do Rio Doce SA in strong position due to an acute shortage of
iron ore in Asia, analysts add. "The market is starting to speculate that the
iron ore price rise will exceed 30%," Rob Brierley, an analyst at Patersons
Securities, tells Dow Jones Newswires. (SPB/GFM)
madmac - gap, page-13
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