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Rio raises few eyebrows with iron ore guidance cut

Rio Tinto has reduced its full-year iron ore guidance due to challenges associated with the tight labour market in Western Australia.

Rio raises few eyebrows with iron ore guidance cut Rio raises few eyebrows with iron ore guidance cut Rio raises few eyebrows with iron ore guidance cut Rio raises few eyebrows with iron ore guidance cut Rio raises few eyebrows with iron ore guidance cut

September iron ore shipments dropped 2% year-on-year to 83.4 million tonnes, but were up 9% quarter-on-quarter.

Shipments for the first nine months of 2021 were down 2% to 237.5Mt.

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