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Rio Tinto has warned that labour shortages, muted Chinese demand, falling commodity prices and the threat of recession are raising âconsiderableâ headwinds, despite reporting a significant increase in iron ore production from its Australian mines in the June quarter. The market update released on Friday came as China narrowly missed a second-quarter contraction in the three months to June after Covid outbreaks prompted harsh lockdowns in economically significant areas including Shangha...
>>> Read more: Rio Tinto warns of âconsiderable headwindsâ citing China Covid disruption
>>> Read more: Rio Tinto warns of âconsiderable headwindsâ citing China Covid disruption