Subscribe to RSS feedIron ore is leading way for BHP Billiton commodities
by
Michelle Wiese Bockmann
—
last modified
Jan 29, 2010 12:40 PM
JUST under half of BHP Billiton’s iron ore exports were sold on the growing spot market in the second half of 2009, underscoring major marketing changes for the steelmaking commodity.
However, despite booming Chinese demand for iron ore, the world’s third-largest iron ore producer failed to hit its forecast 2009 output, with annual volumes at 117.1m tonnes, instead of original estimates of 130m tonnes.
But, BHP Billiton said fourth-quarter iron...
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