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rio agrees to less than expected drop in iron

  1. 372 Posts.
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    Quotes taken from the HearaldSun website on 26/5/09:

    "Rio's head of iron ore, Sam Walsh, predicted a rebound in demand for the steel-making ingredient on the back of a "V-shaped" recovery in China."

    "China increased imports of copper, iron ore and aluminium to a record in April as traders built up stockpiles to feed Beijing's massive spending on new infrastructure."

    I reckon SRK should be talking to the Chinese straight away.
 
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