Rio Tinto’s flagship iron ore division has suffered a surge of absenteeism in the past fortnight and further inflationary pressures as another big commodity price slump threatened to push the iron ore price below $US100 per tonne on Friday.
Rio provided a bearish outlook for the “weakening” global economy on Friday, saying there were “considerable” headwinds facing China’s recovery from pandemic lockdowns and warning of “increasing risk” that rapid interest rate rises in the United States would subdue demand.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
