21
Feb
05:06
Rio Tinto's earnings fall on lower commodity prices
Rio Tinto has reported lower earnings in 2023 as higher iron ore pricing was offset by lower pricing for other commodities, Kallanish notes.
Rio Tinto says underlying earnings declined by 11.94% to $11.8 billion in 2023 from $13.4 billion in 2022. The firm declared a final dividend of 258 cents per share, lower than 225 cents per share in 2022.
"In general, we saw lower prices for our commodities, as supply improved, outpacing modest demand growth," Rio…
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Anonymous
Very good overview of the weekly steel market.
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