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Citigroup cuts iron ore, coal outlook as oil rout reduces supply costs

Thursday, January 15, 2015 - 05:50


CITIGROUP Inc reduced iron ore and coal forecasts as cheaper oil and declines in producers' currencies combine to cut supply costs, signalling that the energy rout is feeding through to other commodities. Miners' shares sank, with Rio Tinto Group plunging in London as copper

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