16
Oct
17:10
Rio Tinto shipments drop in third quarter
Rio Tinto has reported that its iron ore shipments dropped both on-quarter and on-year over the July-September quarter. The miner says it is increasing its focus on building trust with Traditional Owners after it blew up an important heritage site earlier in the year, Kallanish notes.
In the third quarter, Rio shipped 82.1 million tonnes of iron ore, down -5% y-o-y and q-o-q. that left shipments over January-September flat on-year at 241.7mt. Rio expects Chinese i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous