[Technorati] Tag results for commodities wrote an interesting post today on
Here’s a quick excerpt
With the world obsessed with the rising oil price, steel has not received the same amount of attention it ought to have received. It is in this context that the proposed merger of Australian mining giants BHP Billiton and the Rio Tinto Group, raises important questions about the structure of the market. Thomas Palley describes the market as a bilateral oligopoly between the ore producers who extract pig iron, and the ore users who make cold steel. Unlike other commodity markets, iron ore price

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