SINGAPORE/LONDON: China is making its third attempt in two years to have a bigger say in pricing iron ore. This time it may have hit on the winning formula.
Brisk trade in the first month on Dalian iron ore futures brings Beijing a big step closer to its goal of a China-based pricing benchmark for the world's second most traded commodity after oil, and the biggest earner for top miners Vale, Rio Tinto and BHP Billiton.
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