Base Metals

Bloomberg reports BHP Billiton Ltd. (NYSE:BHP) said fourth-quarter iron ore output rose 14 percent as Chinese demand pushes prices to all-time highs.

Bloomberg reports BHP Billiton Ltd. (NYSE:BHP) said fourth-quarter iron ore output rose 14 percent as Chinese demand pushes prices to all-time highs.

The market news is quoted as saying,

Output was 35.5 million metric tons in the three months ended June 30, compared with 31.2 million tons a year earlier, Melbourne-based BHP said today in a statement. That compares with UBS AG’s estimate of 34.5 million tons.

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