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Australian iron ore major Rio Tinto and China’s steel giant Baoshan Iron & Steel (Baosteel) have completed their first paperless, yuan-denominated iron ore deal, underlying both the increasing digitization of iron ore trades and importance of the Chinese currency, DBS Bank, which was one of the enablers of the deal, said on Tuesday May 12.
Here are five Fastmarkets stories you might have missed on Tuesday May 12 that are worth another look.
A summary of US-based lithium producer Livent‘s financial results for the first quarter of 2020.
Broader markets were generally weaker this morning, Tuesday May 12, amid concerns about clusters of new Covid-19 infections in the Chinese city of Wuhan and in South Korea, while China’s consumer price index (CPI) and producer price index (PPI) data releases were weaker than expected.
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