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Investing.com-- Shares of Rio Tinto Ltd (ASX:RIO) rose on Tuesday after the Anglo-Australian iron ore miner logged stronger quarterly shipments on steady demand from China and as it ramped up production at its Gudai-Darri mine in Pilbara.
Rioâs Australian shares rose 2.4% to A$118.510 by 21:04 ET (01:04 GMT), helping the broader ASX 200 index rise 0.6%. Rioâs peer BHP Group Ltd (ASX:BHP) also rose 1%, given that it also has heavy iron ore exposure to China.
Rio Tinto, the worldâ...
>>> Read more: Rio Tinto rises as China demand fuels iron ore shipments
Rioâs Australian shares rose 2.4% to A$118.510 by 21:04 ET (01:04 GMT), helping the broader ASX 200 index rise 0.6%. Rioâs peer BHP Group Ltd (ASX:BHP) also rose 1%, given that it also has heavy iron ore exposure to China.
Rio Tinto, the worldâ...
>>> Read more: Rio Tinto rises as China demand fuels iron ore shipments
