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Reuters reported Rio Tinto (ASX:RIO,NYSE:RIO) predicts spot iron ore prices will remain moderate on steady demand.
Reuters reported Rio Tinto (ASX:RIO,NYSE:RIO) predicts spot iron ore prices will remain moderate on steady demand.
As quoted in the market news:
Rio Tinto expects a moderation in iron ore prices going forward as additional supply comes on stream, and sees no going back to annual pricing, a senior company executive said on Tuesday.
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