According to recent news in the market, Australian
iron ore producer
Rio Tinto reported a decrease in its
iron ore production in the first quarter due to bad weather conditions.
It is reported that
iron ore production of
Rio Tinto, world's second largest
iron ore exporter, decreased by 16% to 23.5 million tons.
In line with the statement released from
Rio Tinto, tropical cyclone negatively affected the
production of the mill.