Rio Tinto’s Q2 iron ore shipments miss after May train derailment
The world's largest producer of iron ore shipped 80.3 million tons of the steel-making commodity in the quarter.
China plans to invest CNY4.7 trillion ($720 billion) on 303 transport infrastructure projects over three years but that may not be enough to give a strong boost to commodity prices in an oversupplied market.
On the back of expectations for infrastructure construction and a strong property market, iron ore prices have rallied as much as 86 percent from its record low in December, although prices have eased somewhat in recent days.
