Excavators move iron ore at Port Hedland in Australia. Photo: Bloomberg
Australian miners Rio Tinto and Fortescue post record iron ore shipments as China industrial recovery continues
- Rio Tinto and Fortescue Metals Group have seen a surge in iron ore shipments to China, as infrastructure and property construction drive demand for steel
- Rio Tinto says demand from China has absorbed the additional iron ore diverted from weaker steel markets in Europe and Asia
Topic |
China economy
Excavators move iron ore at Port Hedland in Australia. Photo: Bloomberg