- The Rizhao platform (set up by private iron ore trading firms in 2009, but closed by the China Iron & Steel Association industry body before it started operation) is re-opening on Tuesday
- It will be the third new platform to start in just over a year
- Over time, this should lower costs for Chinese steel mills, and also be a positive for the big three exporters of iron ore (Vale, Rio Tinto and BHP) and, in turn, a positive for the AUD (in the long term)
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