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Rio Tinto to ship less iron ore despite increased demand from China

Cecilia Jamasmie | October 20, 2016 | 7:50 am Base Metals Energy Top Companies Asia Australia China Europe Coal Copper Iron Ore 

Mining giant Rio Tinto (LON, ASX:RIO), the world’s second-largest iron ore producer, lowered its forecast on full-year exports from Australia, despite China’s recent spike in demand is supporting prices of the steelmaking material. Rio now expects to ship 325 million...

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