Miners alert on China lull

While it should come as no surprise that China's demand for iron ore has cooled, both BHP and Rio appear convinced the country can manage its slowdown and are positioned accordingly.

When the president of BHP Billiton’s iron ore division, Ian Ashby, said there were signs of China’s demand for iron ore flattening today, the Australian dollar was sold off immediately. The more significant of his comments, however, weren’t about what’s occurring within China today but what might happen over the longer term.

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