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Rio given short shrift

Rio Tinto (LN:RIO) has become more than a diversified mining company as investment funds use it as a proxy, either to place bets on a continued fall in the price of iron ore, or as an elaborate currency built around a gap in the price of its London and Australian listed shares.

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The shorters are in town and targeting Rio Tinto at the moment

Whatever the explanation, there is evidence a high-stakes game is being played on the Rio Tinto share register after the big miner made a surprise appearance as one of the most heavily short-sold

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