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Rio settles iron ore prices 33% lower

RIO Tinto has reached an agreement with Nippon Steel Corporation that will see the miner sell fin...

Kristie Batten
Rio settles iron ore prices 33% lower

Under the new agreement, Pilbara blend fines and Yandicoogina fines will now be priced at US97c (A125c) per dry metric tonne unit, a reduction of 32.9%, while Pilbara lump blend will be priced at US112c/dmtu,...

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