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FSUMF - Rio Tinto on the rise as iron ore strength sparks RBC upgrade
Fortescue Metals Group Ltd.
Rio Tinto (RIO+2.1%) and Fortescue Metals (OTCQX:FSUMF) are upgraded to Sector Perform from Underperform at RBC Capital, as "higher Chinese demand has placed iron ore into a more balanced market than our previously too conservative forecasts suggested."
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