Financial Times FT.com

Rio Tinto leads move away from defensive sectors

By Bryce Elder and Neil Hume

Published: April 14 2009 08:47 | Last updated: April 14 2009 20:29

Rio Tinto was in demand on Tuesday as a switch away from defensive sectors helped buoy mining stocks.

The sector climbed after China said it had imported a record volume of iron ore in March. Meanwhile, copper touched a five-month high amid suggestions that China was stockpiling the metal.

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