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Iron ore demand will be weighed down by a global slowdown in commodity markets, driven by Covid-19 clampdowns in China and a looming recession across developed Western economies warned Rio Tinto.
In a gloomy third-quarter trading update, the Anglo-Australian miner feared that the commodities boom was finally coming to an end this year, with prices expected to keep falling as âdownside risks to demandâ emerge.
The price of iron ore contracts in Singapore has fallen more than 46 percen...
>>> Read more: Rio Tinto Warns Commodity Boom Is Coming To An End As Downside Risks Emerge
In a gloomy third-quarter trading update, the Anglo-Australian miner feared that the commodities boom was finally coming to an end this year, with prices expected to keep falling as âdownside risks to demandâ emerge.
The price of iron ore contracts in Singapore has fallen more than 46 percen...
>>> Read more: Rio Tinto Warns Commodity Boom Is Coming To An End As Downside Risks Emerge
