Commodity Exchange

Offering 100 thousand tons of iron ore and concentrate in commodity exchange by Chadormalu

Offering 100 thousand tons of iron ore and concentrate in commodity exchange by Chadormalu
Mining News Pro - Chadormalu Mining and Industrial Company will offer 50 thousand tons of concentrate and 50 thousand tons of iron ore in commodity exchange.
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According to Mining News Pro - Commercial manager of Chadormalu Company says that the company will offer 50 thousand tons of concentrate and 50 thousand tons of iron ore in commodity exchange.

Etminan also predicts that 150 thousand tons of iron ore and 200 thousand tons of iron ore concentrate will be offered by Chadormalu by the end of this year in Iran’s commodity exchange.

“As a raw material for steel mills iron ore has always been known as a strategic material. In recent years, there was a huge slump in the reserves of active iron ore mines, especially large mines, these companies have turned to buying iron ore from other mines and markets to supply their raw materials,” he says about the importance of this commodity for Iran.

He believes that the lack of a standard pricing reference causes a disruption in the market and there is no benefit for the miner and customer in this process. Therefore,

Commodity Exchange system as a transparent and standard platform that provides same competition conditions for buyers and also the transparency of supply for producers, will solve the current problems.


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