The rise of iron ore derivatives
The coming of the iron age
Iron ore is beginning to give rise to a market for risk management products that befits one of the world’s most important commodities. The vast majority of iron ore is used to make steel – a product integral to the construction of buildings, railways, planes, ships and myriad other necessities of the modern economy. Moreover, in recent years, seaborne trade in the commodity has ballooned thanks to strong demand from Chinese steelmakers, which are its biggest global buyers.
Despite that backdrop
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