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By Ambar Warrick
Investing.com-- Australian shares of mining major Rio Tinto lagged their local peers on Tuesday after the firm forecast annual iron ore shipments at the lower end of its guidance, while also logging a fall in sales amid weakening industrial demand, particularly in major buyer China.
Rio Tinto (NYSE:RIO) shares (ASX:RIO) fell 0.1% to A$94.040 by 20:02 ET (00:02 GMT), compared to a 1.4% jump in the ASX 200 benchmark index. Rioâs bigger peer BHP Group Ltd (ASX:BHP), the worl...
>>> Read more: Rio Tinto Lags Australian Stocks on Softer Iron Ore Outlook
Investing.com-- Australian shares of mining major Rio Tinto lagged their local peers on Tuesday after the firm forecast annual iron ore shipments at the lower end of its guidance, while also logging a fall in sales amid weakening industrial demand, particularly in major buyer China.
Rio Tinto (NYSE:RIO) shares (ASX:RIO) fell 0.1% to A$94.040 by 20:02 ET (00:02 GMT), compared to a 1.4% jump in the ASX 200 benchmark index. Rioâs bigger peer BHP Group Ltd (ASX:BHP), the worl...
>>> Read more: Rio Tinto Lags Australian Stocks on Softer Iron Ore Outlook
