Page 45 - Simandou News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Rio Tinto Group said second-quarter shipments of iron ore fell 1% from a year earlier, as China’s faltering economic recovery continued to weigh on demand.Most Read from BloombergSingapore Passport Is World’s Most Powerful, Replacing JapanTesla Investor Rode a 14,800% Gain Thanks to 27-Year-Old AnalystMorgan Stanley Moves 200 Tech Experts From China on Data LawMeet the Billionaire Who Convinced Messi to Pick MLS Over Saudi ArabiaMassive US Oil Caverns Sit Empty and Will Take Years

Iron ore edged up 0.1% to $113.85 a ton as of 9:13 a.m. in Singapore. The steel-making staple is around 14% lower than this year’s closing high in mid-March.

Despite world-class bauxite and iron ore reserves, Guinea’s minerals and metals have yet to yield significant socioeconomic improvements for citizens.

Consumer inflation in China slid to almost zero in the last month, increasing the risk of deflation in Australia’s largest trade partner and piling pressure on Beijing.

Underappreciated downside risks from slowing Chinese demand and commodity price overshooting. Read more about VALE stock here.