CAPITAL MARKETS

Higher iron ore prices tipped for 2003

A BRAZILIAN stockbroking firm told clients yesterday that it expects the world's biggest iron ore miner, CVRD, to achieve price rises of 3% for iron ore fines and 4.5% for pelletised material in the next round of price negotiations.

Tim Treadgold

Higher iron ore prices tipped for 2003

Australian iron ore producers would share in any price rises gained by the Brazilians in their separate talks with Japanese steel mills. The Brazilian broker, Fator Doria Atherino, said CVRD's sales...

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