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Rio Tinto’s Iron Ore Exports Slip
Rio Tinto’s Iron Ore Exports Slip as Copper Output Ramps Up
Rio Tinto Group, the world’s top iron ore exporter, said shipments of the steelmaking material slipped in the fourth quarter, as demand from China remained lackluster and production at some mines declined.
Rio Tinto Produced Slightly Less Iron Ore, More Copper Last Year
The miner said it produced and shipped slightly less of the steelmaking ingredient iron ore in 2024, but mined more copper, bauxite and made more aluminum.
Rio Tinto’s iron ore shipments slip, sees global economic resilience
For the calendar year, Rio Tinto shipped 328.6 million metric tons of iron ore from Pilbara, the lowest since 2022. It is under threat of Brazilian rival Vale potentially retaking its crown as the world’s biggest producer. Vale expects to produce 323-330 million tonnes for 2024.
2d
on MSN
Expect another 12-18 months of pain for iron ore prices: Portfolio manager
Jason Kururangi, portfolio manager at Milford Asset Management, explains why he thinks the iron ore market has not yet hit ...
Mining
1d
Iron ore price hits four-week high on lower shipments, softer dollar
Prices of iron ore futures climbed to a four-week high on Thursday, supported by reduced shipments from a major producer and ...
TradeWinds
16h
Chartering behemoth: Could trading giant Glencore merge with iron ore major Rio Tinto?
Trading giant Glencore and Rio Tinto are mulling a merger that could create the mining behemoth made up of two major ...
5d
China 2024 iron ore imports hit record on resilient demand, steel exports
China's iron ore imports in 2024 rose to a record high for a second year, customs data showed on Monday, as lower prices ...
3d
Iron Ore Shipments From Top Australian Port Hit Annual Record
Iron ore shipments from Australia’s top terminal reached a record in 2024, even as top customer China has been in the throes ...
3d
Labrador's Kami iron ore project getting $245M from Japanese investors
The deal between Champion Iron Ore and the two Japanese companies will help the proposed Kami iron ore project move forward, ...
8d
Global seaborne iron ore had a good 2024, but it's all China
The world's imports of seaborne iron ore rose a modest 3.6% to a record high in 2024, but the increase was almost entirely ...
Nasdaq
10d
Iron Ore Price Forecast: Top Trends for Iron Ore in 2025
As the world’s largest producer and exporter of stainless steel, China is naturally the world’s largest consumer of
iron ore
. While the Asian nation may be the third largest
iron
-producing ...
12h
Mesabi Trust: Volume Recovery Means Royalty Rates Ratchet Up
Mesabi Trust's revenues are rising due to increased production and higher royalty rates. Click here to read more on what's ...
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