Iron ore production of Rio Tinto decreased in Q1

Iron ore production of Rio Tinto decreased in Q1

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.