Japan's Mitsui may miss metals profit target on iron ore slump

Japanese trading house Mitsui & Co may miss the current year’s profit target of $1.1 billion for its metals business due to the slump in iron ore, warned a senior executive, who said prices may fall to as low as $80 a tonne before rebounding. Mitsui expects prices to rebound to $100 as early as the end of the year and the trading house’s iron ore business will remain profitable even if …
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