Rio Tinto's Q2 iron ore shipments rebound from cyclones; flags $300M in tariff costs

11 hours ago 1
Iron Ore reclaimer machine and stockpile

Dazman/E+ via Getty Images

Rio Tinto (NYSE:RIO) said Tuesday it shipped 79.9M metric tons of iron ore from its Pilbara operations in Q2, down 1% Y/Y and below a Visible Alpha consensus estimate of 81.98M tons, but shipments jumped 13% from Q1, when four cyclones affected ports

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