Australian miners and Chinese buyers have missed an annual deadline to set benchmark iron ore prices, signaling the end of a 42-year-old system and risking new friction between the major trading partners. Talks between Australian mining companies and China’s steel industry have stalled, after reports that the Chinese demanded cuts in iron ore prices of up to 45 percent.Australia has already agreed to cut prices by about a third for Japan and South Korea for the next year. China’s insistence on d

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Decision Making Analysis Of Delays In Iron Ore Price China And Australia