RIO 0.90% $129.32 rio tinto limited

News: RIO Rio Tinto's first-quarter iron ore shipments fall 5%

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    April 17 (Reuters) - Rio Tinto (RIO) RIO.L reported a 5% fall in its first-quarter iron ore shipments on Wednesday, hit by weaker volumes due to weather disruptions at ports as well as reduced production at its mines.

    The world's largest producer of iron ore shipped 78.0 million metric tons (Mt) of the steel-making commodity from its Pilbara operations for the three months ended March 31. That compares with the Visible Alpha consensus of 79.6 million Mt.

    The company had shipped 82.5 Mt of iron ore in the same period in 2023.

 
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