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China's state iron ore buyer agrees new annual supply contract with Rio Tinto, sources say

By Reuters News13:17 (UTC), 21 October 2026 Updated

Oct 21 (Reuters) - China's state iron ore buyer has agreed with Rio Tinto RIO.AX, RIO.L a new supply deal for the key steelmaking ingredient, people with knowledge of the matter said.

China Mineral Resources Group (CMRG) verbally notified some steel mills of the agreement without giving further details, they said.

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