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(Reuters) - Rio Tinto reported its smallest full-year underlying earnings in five years on Wednesday that also came in below expectations, as lower prices for iron ore outweighed growth in its copper and aluminium businesses.
Iron ore prices moderated last year on weak demand from China's struggling property sector and high portside inventories, which dented the miner's earnings from the raw material used in steel making and offset growth in copper and aluminium segments.
Rio's average iron or...
>>> Read more: Rio Tinto's full-year profit falls to five-year low on soft iron prices
Iron ore prices moderated last year on weak demand from China's struggling property sector and high portside inventories, which dented the miner's earnings from the raw material used in steel making and offset growth in copper and aluminium segments.
Rio's average iron or...
>>> Read more: Rio Tinto's full-year profit falls to five-year low on soft iron prices
