BUSINESS BRIEFS/IN BRIEF.(TO THE POINT)

Publication: Investor's Business Daily

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METALS

Cleveland Cliffs hikes Aussie bid

The U.S. iron ore producer raised its takeover offer for Portman Mining, Australia's No. 3 iron ore miner, by 13% to $532 mil. The move follows a steep jump in iron ore prices resulting from surging demand for raw materials. Cleveland Cliffs, whose...

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