The world's biggest iron ore producer said it expects to ship between 320 and 335 million tonnes (Mt) in 2022 from the Pilbara region in Western Australia, a forecast with a midpoint below UBS' estimate of between 330 Mt and 340 Mt. It shipped 321.6 Mt of the steel-making commodity last year.
SYDNEY: Rio Tinto on Tuesday forecast slightly weaker-than-expected 2022 iron ore shipments, citing tight labour market conditions and production delays from the new greenfields mine at Gudai-Darri project.
The world's biggest iron ore producer said it expects to ship between 320 and 335 million tonnes (Mt) in 2022 from the Pilbara region in Western Australia, a forecast with a midpoint below UBS' estimate of between 330 Mt and 340 Mt. It shipped 321.6 Mt of the steel-making commodity last year.
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