Rio sees increased demand from China for iron ore


Australia's biggest trading partner is rebounding quickly from its encounter with the coronavirus and showing a strong appetite for Australian iron ore, says Rio Tinto iron ore boss Chris Salisbury.

The Australian Financial Review is reporting that in a positive sign for Australia's most lucrative export industries, Mr Salisbury said a worrying surge in Chinese steel stockpiles during February had started to recede, suggesting the Chinese construction sector was emerging from hibernation and demand for Australian commodities would hold firm.

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