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Iron ore strength to continue as copper takes time out

Rising steel prices coupled with burgeoning demand for high quality ore from Chinese producers should keep iron ore miners buoyant in the third quarter as their copper-focused counterparts slide on softening prices, US investment bank Jefferies said Tuesday.

Tom Hoskyns
Iron ore strength to continue as copper takes time out

Jefferies said it expected iron ore mining shares to outperform in Q3 "on the back of very strong cash flow, record-high capital returns, consensus earnings upgrades, and relative resilience in the price...

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