News Headline Summary
Rio Tinto's (RIO AT) head of iron ore unit says iron ore price spike temporary, with the company set to stick to its plans to aggressively target cost reductions despite the improving market.
Analysis details (22:39)
- Currently, the China import iron-ore fines 62% Fe spot (CFR Tianjin port) trades at USD 144.90 per ton.
- Of note, Co. shares hit 10-month high in London.
02 Jan 2013 - 22:20
Subscribe Now to
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts