There are four fronts in the battle for pricing power in the iron ore market: BHP Billiton (ASX: BHP), Rio Tinto (ASX: RIO), Fortescue (ASX: FMG), and spot market for iron ore. It’s hard to tell who is winning…or what losing really means. Andrew Forrest says he’d welcome Chinese investors on the Fortescue share register. But spots on the register are already at a premium. Over 70% of Fortescue’s issued capital is owned by just five major shareholders.
May 16th, 2008 | Dan Denning | 1 comment | Continued
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