Wednesday, May 04,
Iron ore miner Rio Tinto Ltd says record iron ore and copper prices are likely to fall, as their current price trajectory is not sustainable, The Australian reports.*
The mining giant said it would maintain a very strong balance sheet to shield itself from falling iron ore and copper prices, which are its main earners.
“These record-high levels are probably not sustainable. We all accept that,” Mr du Plessis told The Australian, adding that in the long term, the miner is “very confident that Chinese demand and Indian demand will be very strong.”
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