Rio Tinto Settles Iron Ore Prices With European Customers

Rio Tinto Group, the world’s third- largest mining company, settled contract iron ore prices with its European customers.
“We have settled with Europe,” said Amanda Buckley, a spokeswoman for the London-based company. She couldn’t comment on the price increase secured. Settlements “tend to vary with the customer’s freight arrangements.”
Rio sells less than one percent of its [...]

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