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Rio Tinto RIO reported iron ore shipments (on a 100% basis) of 86.5 million tons (Mt) for the fourth quarter of 2024, which declined 1% year over year. This takes RIOâs yearly total to 328 Mt, down 1% year over year, but within its guidance of 323-338 Mt.
The companyâs shipments also declined 1% year over year to 328.6 Mt in 2024. Production was affected by depletion, predominantly at Paraburdoo as the company is transitioning to Western Range and Yandicoogina, as well as higher-than-...
>>> Read more: RIO Sees 1% Dip in Iron Ore Output in 2024: How to Play the Stock?
The companyâs shipments also declined 1% year over year to 328.6 Mt in 2024. Production was affected by depletion, predominantly at Paraburdoo as the company is transitioning to Western Range and Yandicoogina, as well as higher-than-...
>>> Read more: RIO Sees 1% Dip in Iron Ore Output in 2024: How to Play the Stock?
