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Rio Tinto Group forecasts its iron ore shipments will remain flat this year or rise by 3 percent at most reinforcing market sentiment that a wave of new supply is turning into a trickle.
Great Iron Ore Wave Set to Peter Out as Shippers Hold Steady
published Jan 15, 2018, 6:29:15 PM, by David Stringer (Bloomberg) — Rio Tinto Group forecasts its iron ore shipments will remain flat this year or rise by 3 percent at most, reinforcing market sentiment that a wave of new supply is turning into a trickle. The world’s second-largest exporter expects