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Nov. 10 (Bloomberg) -- Rio Tinto Group, the world's second- largest iron ore exporter, will cut output at its mines in Western Australia by 10 percent because of reduced demand from steelmakers in China, following the lead of bigger rival Cia. Vale do Rio Doce.
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SYDNEY (Reuters) - Rio Tinto Ltd/Plc (RIO.AX: Quote, Profile, Research), the world's No. 2 iron ore miner, will slash output by as much as a third for the rest of this year, joining its Brazilian rival in trying to stem a fall in prices as Chinese steel demand slumps.
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NEW YORK (Reuters) - Steelmakers and producers of iron ore and copper are likely to be big winners from China's $586 billion economic stimulus plan, but analysts cautioned it could be a while before there is a boost in demand and prices.
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