Chinese Premier Li had a private meeting with BHP CEO Andrew Mackenzie in June and asked directly for lower iron ore prices.
During the meeting, Mr Li side-stepped his interpreter and said to Mr Mackenzie: “Lower prices, lower prices.”
…
Mr Mackenzie said he reminded the Premier that prices “were now at more sustainable levels” and were already “quite low”.
The Australian has the full retelling of the meeting (click the first link to skip the paywall) and some insight on iron ore prices, which are near the highest in three months as fears about a Chinese slowdown fade.
Iron ore for Sept delivery
