annb0t
Top 20
Rio Tinto has reported a 28 per cent drop in first-half earnings as the miner faces falling commodity prices and rising costs. A rebound in raw material prices from coronavirus pandemic-induced lows boosted profits and shareholder returns at big miners last year, but tighter monetary policy and a deepening downturn in Chinaâs property market have weighed on commodity prices. Rio and its rivals have also been grappling with labour shortages and rising costs for fuel, explosives and chemicals.
>>> Read more: Rio Tinto profits drop on higher costs and falling commodity prices
>>> Read more: Rio Tinto profits drop on higher costs and falling commodity prices
