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What China’s Growth and Iron Ore Production Developments Mean for Rio Tinto
Jul. 15, 2011 08:17AM PST
Base Metals Investing Seeking Alpha reports that Rio Tinto (NYSE:RIO) is undervalued because of a lower than expected iron ore supply.
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.