Crushed iron ore is loaded into railroad cars in Brazil. China has lifted its ban on Valemax ships transporting the ore to the country. Photo: Bloomberg

China seizes upper hand in iron ore market after deal with Vale

“Resolution of the dispute coincides with a paradigm shift in the global iron ore trade from a seller’s market to a buyer’s market. China has regained pricing power it lost in the past decade over imported iron ore,” said Jiang Ming, an analyst at Haitong Securities

Topic |   Australia Mining

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Crushed iron ore is loaded into railroad cars in Brazil. China has lifted its ban on Valemax ships transporting the ore to the country. Photo: Bloomberg
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