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News Digest / Lukas Schmidt

Author: Lukas Schmidt
04:06am, Tuesday, Jul 16, 2024
Rio Tinto's Iron Ore Shipments Fall Short in Q2 Amid Train Derailment, Shares Slump
Rio Tinto's (NYSE: RIO) Q2 iron ore shipments fell short due to a mid-May train derailment, shipping 80.3 Mt from Pilbara. Shares dropped 2.6% amidst Chinese stimulus optimism helping iron ore prices. Rio maintains its annual forecast and reports a 10% increase in copper production.
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