Rio Tinto posts lowest Q1 iron ore shipments since 2019, tempers forecast
The company had earlier warned of total losses of 13 million metric tons of iron ore due to inclement weather.
Iron ore price rose on Friday despite a gloomy outlook for demand from top steel producer China. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $115.44 a tonne, down 0.7% from Thursday’s closing....
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