Rio Tinto in the spotlight amid iron ore rally

Diversified miner set to update on fourth quarter trading on 15 January
Thursday 11 Jan 2018 Author: Daniel Coatsworth
A strong run in iron ore price since the fourth quarter of 2017 bodes well for Rio Tinto ( RIO ) which publishes a trading update on 15 January. Iron ore is the dominant commodity for the group in terms of contribution to earnings. However, it is worth noting the Australian government predicts a 20% drop in iron ore prices in 2018 because of rising global supply and moderating...

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