Ore-Shipping Rates Seen 13% Lower as China Cuts Target

Ore-Shipping Rates Seen 13% Lower as China Cuts Target

Ian Waldie/Bloomberg

A haul truck is loaded by a digger with material from the pit at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia. Rio Tinto Group is one of the three biggest iron-ore exporter.