Rio Tinto to invest $2bn in Indian iron ore project

Buyers are unwilling to pay "green premiums" to replace fossil fuels, says Fortescue Energy's Mark Hutchinson.

The battery metal producer warned of an additional net loss in its first-half results earlier this week.

A railcar dumper at the East Intercourse Island (EII) port facility, which handled 45 million tonnes of Rio's iron ore shipments in 2024, experienced severe flooding this week.

Copper demand for new energy applications is posed to jump 62% to 42 million tonnes by 2050, according to Teck’s head of market research.