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Rio Tinto has warned of a persistent slowdown in global commodity markets as the threat of recession in Europe and the US along with a property crisis in China weigh on iron ore demand. The Anglo-Australian mining company said in its third-quarter update on Tuesday that commodity prices were expected to keep falling as âdownside risks to demandâ emerge. The price of iron ore contracts in Singapore has fallen more than 46 per cent from its most recent peak in March.
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>>> Read more: Rio Tinto warns of slowing iron ore shipments as Chinese construction falters
Continue reading
>>> Read more: Rio Tinto warns of slowing iron ore shipments as Chinese construction falters
