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Thread: Four Rio Tinto employees arrested in Shanghai China
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[quote=BOBERT,373741]To remove any confusion; The benchmark contract price for Australian iron ore is $US75 per tonne including US$15 shipping costs. For Brazillian iron ore it's $US100 per tonne including $US40 shipping costs. The spot market price, EXCLUDING shipping costs of $US15 for Australia and $US40 for Brazil, is $US100 per tonne. China is now paying $US40 more, almost double, on the spot market than the benchmark contract price.[/quote]
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