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Rio tops class for iron ore margins

The poisonous effect of discounts on low-grade iron ore has been laid bare in a fresh study of the industry that focusses on breakeven prices to reveal that the sector leader, Rio Tinto, is operating at a breakeven price close to half that of its Australian competitor, Fortescue Metals Group.

Rio tops class for iron ore margins Rio tops class for iron ore margins Rio tops class for iron ore margins Rio tops class for iron ore margins Rio tops class for iron ore margins

Grade is king: Rio's grade puts it ahead of its peers in terms of margin

According to Macquarie Bank, Rio Tinto's breakeven price, which is the iron ore price it needs to start earning a profit, is US$28 per tonne, handsomely below the latest price of $78.43/t for ...