BHP Says Pace of China Iron Ore Demand Has Slowed by Half
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BHP Billiton Ltd., the world’s biggest mining company, said the pace of iron ore demand from China, the biggest importer, has slowed by more than half.
“We’re already seeing the beginning of the end of the first phase of economic development in China,” Alberto Calderon, the Melbourne-based company’s chief commercial officer and manager of its aluminum and nickel business, said today at a conference in Canberra. “The pace of demand of iron ore from China has slowed down by more than half.”