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CVRD eyes 90% price hike

THE iron ore price-rise guessing game took on a new twist over the weekend when Brazil’s CVRD group was reported to be seeking a 90% hike.

Tim Treadgold
CVRD eyes 90% price hike

If true, this almost doubles the 50% increase being pursued by Australia’s BHP Billiton and Rio Tinto. A spokesman for CVRD is said to have confirmed the 90% request in an interview with Business News...

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