Rio iron ore export slowdown signals boost to rebounding prices

Miner Rio Tinto's decision to cut its 2017 iron ore shipping guidance looks set to bolster commodity prices that have rebounded on stronger demand from China than forecasted.
Photo: PR-foto/Rio Tinto
Photo: PR-foto/Rio Tinto
BY DAVID STRINGER, BLOOMBERG

A cut by Rio Tinto Group to its full-year iron ore shipping guidance is set to bolster prices that have rebounded into a bull market on stronger-than-expected demand in China.

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