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raw materials costs inflation - David Gray/Bloomberg
Mining giant Rio Tinto has reported the sharpest rise in the cost of raw materials since the 1973 oil crisis.
The FTSE 100 company said the economic outlook was darkening amid soaring inflation, Russia's war on Ukraine, and fresh Covid lockdowns in China.
It also posted a 15pc fall in iron ore shipments from the key Pilbara region in the first three months of the year, down to 71.5m tonnes, partly caused by labour shortages and supply c...
>>> Read more: Cost of raw materials rising at fastest pace since 1970s, warns Rio Tinto
Mining giant Rio Tinto has reported the sharpest rise in the cost of raw materials since the 1973 oil crisis.
The FTSE 100 company said the economic outlook was darkening amid soaring inflation, Russia's war on Ukraine, and fresh Covid lockdowns in China.
It also posted a 15pc fall in iron ore shipments from the key Pilbara region in the first three months of the year, down to 71.5m tonnes, partly caused by labour shortages and supply c...
>>> Read more: Cost of raw materials rising at fastest pace since 1970s, warns Rio Tinto
