Iron Market Steady Says Rio Tinto
Reuters reported Rio Tinto (NYSE:RIO) sees no slow down in the iron ore market as steel demand continues in China.
Reuters reported Rio Tinto (NYSE:RIO) sees no slow down in the iron ore market as steel demand continues in China.
SMH reported Rio Tinto (NYSE:RIO,TSX:RIO) said iron ore as an industry is changing the Australian economy.
Reuters reported BHP Billiton (ASX:BHP), Vale (SAO:VALE5) and Rio Tinto (ASX:RIO) all saw a sharp decrease in quarterly iron ore production which raised prices on the metal.
Reuters reported shares of Rio Tinto (ASX:RIO,TSX:RIO) dropped on news that it missed its forecast for iron and copper.
Bloomberg reported China will include Vale (SAO:VALE5), Rio Tinto (NYSE:RIO,ASX:RIO) and BHP Billiton (NYSE:BHP,TSX:BHP,ASX:BHP) on its new spot iron ore trading platform.
Australia is the second largest producer of iron ore, and with increasing iron demand, its market is poised to remain stable.
IBTimes reported Rio Tinto (ASX:RIO) is about to make the biggest investment every by an Australian company in India with a $2 billion investment in an iron ore mine.
Reuters reported unions in Western Australia now have the court's permission to recruit members at Pilbara region iron ore mines.
Bloomberg reported Rio Tinto (NYSE:RIO,ASX:RIO) said it has produced more iron ore in the last quarter than this time last year.
Mineweb reported China launched a new physical iron ore trading platformwill help strengthen its pricing power and wrest control from global ore suppliers.
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