Subscribe to RSS feedRio wary of recovery despite record shipments
The world’s second-largest iron ore producer posted record shipment levels during the second-quarter but remained uncertain about the underlying strength and durability of any global economic recovery.
Growth: Rio Tinto iron ore shipments up 14% (Photo: Southern Cross Maritime)
Rio Tinto shipped 52.5m tonnes from its Western Australian iron ore mines, despite acrimonious pricing talks with its largest Chinese customers.
The volume is up by a third on the first quarter and 14% higher than the same period last year.
However,...
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