What China’s Growth and Iron Ore Production Developments Mean for Rio Tinto

Jul. 15, 2011 08:17AM PST

Seeking Alpha reports that Rio Tinto (NYSE:RIO) is undervalued because of a lower than expected iron ore supply.

The market news is quoted as saying,

While there is lower than expected aggregate supply, RIO just reported a 12% growth in their iron ore production as well as a 13% q/q increase in coal production. It is evident that RIO’s production is healthy and a stronger second half of 2011 is to be expected.

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