Reported 2 days ago
Rio Tinto has announced its smallest full-year underlying earnings in five years, falling short of expectations due to declining iron ore prices amid weak demand from China's property sector. The company reported underlying earnings of $10.87 billion for 2024, down from $11.76 billion the previous year, while it saw significant growth in its copper and aluminium segments. Additionally, Rio Tinto declared a lower final dividend of $2.25 per share, reflecting its challenges in the iron ore market.
Source: YAHOO