Rio Tinto clears ships from Australian ports ahead of cyclones, disrupting iron ore supply.

Rio Tinto is clearing iron ore ships from two Western Australian ports due to approaching tropical cyclones, complicating ongoing repairs from January's Tropical Cyclone Sean. This clears ships but adds to system challenges and high stock levels, potentially affecting the company's iron ore production guidance for the year. Iron ore prices have slightly increased, partly due to these shipping disruptions.

2 months ago
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