Rio Tinto chief executive JS Jacques says the yawning gap between prices for higher grade and lower grade iron ore appears to be caused by structural changes to China's steel industry and is likely to persist.
Mr Jacques said he believed the wide price differential between high and low grade iron ore was becoming increasingly permanent as the Chinese steel market changed.
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Tess Ingram was a journalist with WAtoday. Before that, she was a reporter in The Australian Financial Review’s Perth bureau, covering business, economics and politics. Connect with Tess on Twitter.
