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Australia’s iron ore exports to China strong, but weak global demand indicates mixed coronavirus recovery

Summary:
[unable to retrieve full-text content]Australian iron ore exports to China surged in the first half of the year, as demand from steel mills rose to supply Beijing’s infrastructure building push to boost the coronavirus-hit economy.Iron ore exports from Australia to the rest of the world, though, remained weak, reflecting the sharp differences in the pace of the recovery in major economies from the damage done by the coronavirus pandemic.Australian mining giant Rio Tinto reported a 3 per cent increase in total iron ore shipments in…

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[unable to retrieve full-text content]
Australian iron ore exports to China surged in the first half of the year, as demand from steel mills rose to supply Beijing’s infrastructure building push to boost the coronavirus-hit economy.Iron ore exports from Australia to the rest of the world, though, remained weak, reflecting the sharp differences in the pace of the recovery in major economies from the damage done by the coronavirus pandemic.Australian mining giant Rio Tinto reported a 3 per cent increase in total iron ore shipments in…

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