Engineering News by You :: Rio hints at iron ore price rise

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Interesting engineering news and general interest to get you through the week.

Rio hints at iron ore price rise

Clipped to the Drawing Board by Bob Smith

MINING giant Rio Tinto has indicated iron ore prices may rise in 2008, saying the world appeared to want greater production.Rio Tinto's Iron Ore chief executive Sam Walsh said the market was extremely tight, a situation that would normally signal a price rise when negotiations with steel mills begin next month.

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Tuesday 4 September, 2007 11:02 AM

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