Rio Tinto said that the iron ore price may slide by 13.3 percent from that of the third quarter to US$127/ton FOB.
The company added that the iron ore price has kept rising for several quarters, so price cut will help to sustain the current growth in global demand.
Currently, the Rio Tinto offers the iron ore at US$143/ton to Japan’s buyers.
News Date 9/2/2010 4:22:04 PM reported by Chloe
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