Rio Tinto

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Course Name: _Economic Environment of Business Professor Name: ___ Prof. Dungan ______________

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RIO TINTO IRON ORE AND GDP GROWTH IN CHINA On the back of the boom in iron ore prices beginning in the 2000s in large part due to the rise of economic growth in China, Rio Tinto – along with the other major iron ore producers (Vale, BHP Billiton and FMG) – have begun expanding their iron ore production, prompting a considerable decline in prices and putting pressure on high cost producers to exit the market. This paper explores the economic and industry landscape from Rio Tinto's...