Rio's IOC to reduce pelletizing,sell more concentrate: bank

摘要

Rio Tinto unit Iron Ore Company ofCanada’s reported idling of half of its pelletizingcapacity in response to low prices will lead tomore concentrate production, according toDeutsche Bank.IOC may pelletize at around 6 million mt/year capacity, with an equal amount idled, andboost concentrate sales, which were last at anannualized rate of just over 8 million mt, thebank said in a note Monday.