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Investor's Business Daily, Inc.
hi guys,
It looks like equinox management is on the ball with their take-over of Lundin, and the Chinese know it....
Worse copper shortage seen
Wednesday April 6, 6:36 pm ET
Mining giant Rio Tinto (NYSE:RIO - News) expects the world copper market to see a supply deficit of 500,000 metric tons this year, and the shortage may extend beyond 2013. Rio's projected deficit is deeper than the market consensus of about 400,000 metric tons and stretches beyond an expected balancing in 2013. Rio is also close to securing the takeover of Riversdale Mining, which has two major coal projects in southern Africa, after its tender offer hit a key threshold. Shares rose 1% to 72.97.
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