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10 Aug
16:32

LKAB sales rise as urban transformation hits profit

Swedish iron ore producer LKAB has posted a healthier set of financial results year-on-year for the second quarter of 2018, Kallanish notes. The company reports slightly lower production and delivery volumes for the period but operating profit weakened in an on-year comparison because of increased urban transformation costs, the miner says. In its outlook for the rest of 2018 LKAB assesses that the oversupply situation within iron ore fines will c…
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