BHP's Iron Ore Output Edges Up as Supply Glut Concerns Grow [Yahoo! Finance]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
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Source: Yahoo! Finance
2% from the year-before, as moves by major miners to ramp up production raise the specter of over-supply. Most Read from Bloomberg The world's largest miner produced 64.6 million tons of iron ore over the three months to the end of September, it said in a statement Thursday. Full-year guidance for its iron ore operations was kept at 255 to 265.5 million tons. It comes as China — the biggest consumer of iron ore — attempts to prop up its struggling property sector amid a slump in its economy. While domestic steel demand is muted, it has been somewhat offset by the local manufacturing industry and exports to other Asian markets. “China has announced a series of monetary easing policies in an effort to support economic growth, and has indicated more significant fiscal stimulus is on the horizon,” BHP Chief Executive Officer Mike Henry said in company filings. “Upcoming stimulus is likely to focus on relieving local debt, stabilizing the property market and bolstering business con
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Sec Filings
- 10/9/24 - Form DEFA14A
- 10/9/24 - Form DEFA14A
- 10/2/24 - Form 6-K
- RIO's page on the SEC website