by Chris Becker
Spot iron ore prices fell slightly yesterday while the short and medium term futures edged higher alongside rebar and coking prices:
Meanwhile Rio Tinto is out with a production update. Via AAP:
Mining giant Rio Tinto shipped 338.2 million tonnes of iron ore from its Pilbara operations in 2018, in line with its full-year guidance.
Shipments in the year to December 31 were up one per cent from the previous year’s 327.6 million tonnes, Rio said in a statement on Friday.
The miner shipped 87.4 million tonnes of iron ore in its fourth quarter – down three per cent from the preceding quarter – while production in the three months to December 31 was down one per cent at 86.6 million tonnes.