Reported about 9 hours ago
Rio Tinto announced a 13% rise in its second-quarter iron ore production, reaching the highest output since 2018, just after promoting Simon Trott as CEO. Despite this increase, shipment volumes fell short of expectations, impacted by earlier cyclones and ongoing challenges in the aluminium sector due to U.S. tariffs. The company remains optimistic about its full-year iron ore shipment targets and upcoming projects.
Source: YAHOO