Rio Tinto in the spotlight amid iron ore rally
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 demand from China which is a major importer.
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