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Rising costs take shine off iron ore boom: CVRD

BOOMING iron ore demand may force the world's biggest producer, Brazil's CVRD, to buy material fr...

Tim Treadgold
Rising costs take shine off iron ore boom: CVRD

"Markets are tight and iron ore supply is not elastic," CVRD chief financial officer Fabio Barbosa told Dow Jones Newswires. "In order to deal with temporary shortages we may have to buy from third parties...

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