23
Feb
09:53
Rio Tinto delivers record full-year results
Underpinned by robust iron ore demand and high commodity prices, Rio Tinto reported record full-year financial results for 2021, Kallanish notes.
Net earnings reached $21.1 billion on total consolidated sales revenue of $63.5 billion, which surged 116% and 42% year-on-year respectively. Of that, sales revenue contributed by iron ore was $39.6 billion, an increase of 44%.
Despite a 4% decline in full-year iron ore production to 319.7 million tonnes and a 3% declin…
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Anonymous
Very good overview of the weekly steel market.
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