Chinalco are aftre their stake for the second option ofcourse.
Higher prices are better for them as they will recieve obviously bigger profits, and it will be their own competitors buying the iron ore.
Higher iron ore prices means they can charge more themselves for their steel.
Im disillusioned why anyone thinks Chinalco jst want the stake to try and control the iron ore prices.
If we were not in this mess this wouldnt be happening. So this cash injection should fix the majority of debt problems, and we wont see their shareholding increase ever again.
rio reply to concerns, page-4
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| RIO (ASX) Chart |