RIO News: Rio Tinto warns of ‘considerable headwinds’ citing China Covid disruption - 15th Jul 2022, 3:21pm

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Rio Tinto has warned that labour shortages, muted Chinese demand, falling commodity prices and the threat of recession are raising “considerable” headwinds, despite reporting a significant increase in iron ore production from its Australian mines in the June quarter. The market update released on Friday came as China narrowly missed a second-quarter contraction in the three months to June after Covid outbreaks prompted harsh lockdowns in economically significant areas including Shangha...

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