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.
When Glencore Plc proposed a combination with Rio Tinto Group a decade ago, the larger company turned it down after just a ...
A merger of the two giants would result in a de facto takeover of Glencore by Rio Tinto. The latter is the world's ...
Trading giant Glencore and Rio Tinto are mulling a merger that could create the mining behemoth made up of two major ...
An average realized iron ore price of about USD 97 per metric ton ... We maintain our fair value estimate of AUD 116 per share for no-moat Rio Tinto. Shares trade at about a 3% premium to fair ...
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