M&A mania smelts the iron ore industry

Over the past 10 years iron ore has had a run even gold can't touch Last Thursday, Swiss miner Xstrata and commodities trader Glencore announced a potential blockbuster merger that would shake up a few of mining's biggest industries. According to Reuters, the deal is set to total $80 billion. And the newly combined firms “would rank as the world's largest thermal coal exporter, the largest zinc producer and third-largest copper miner…” Many analysts are already predicting a jump in the price of coal, copper and zinc in the coming weeks. But the all-share merger would also disrupt another big mining industry… iron ore. And investors will want to pay close attention. Continue reading this article

.