{"id":37876,"date":"2023-07-19T18:15:09","date_gmt":"2023-07-19T22:15:09","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/rio-tinto-expects-strong-2023-iron-ore-sales-cuts-guidance-for-alumina-refined-copper\/"},"modified":"2023-07-19T18:15:11","modified_gmt":"2023-07-19T22:15:11","slug":"rio-tinto-expects-strong-2023-iron-ore-sales-cuts-guidance-for-alumina-refined-copper","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=37876","title":{"rendered":"Rio Tinto Expects Strong 2023 Iron-Ore Sales; Cuts Guidance for Alumina, Refined Copper"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230718-709052\" role=\"document\">\n<p>By Rhiannon Hoyle<\/p>\n<pre><\/pre>\n<p>Rio Tinto PLC said it expects full-year iron-ore shipments from its Australian mining operations to be in the upper half of company guidance, but cut production estimates for several other commodities it produces, including alumina and refined copper.<\/p>\n<div class=\"paywall\">\n<p>The world&#8217;s second-largest miner by market value said 2023 shipments are now expected to be in the upper half of its 320 million to 335 million metric ton projection. The company, which relies on steel ingredient iron ore for the majority of its profits, said it shipped 79.1 million tons of the commodity from its Australian iron-ore mines in the second quarter of the year, down 1% on the same time last year.<\/p>\n<pre><\/pre>\n<p>Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/rio-tinto-expects-strong-2023-iron-ore-sales-cuts-guidance-for-alumina-refined-copper-3f6dbce4?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Rhiannon Hoyle Rio Tinto PLC said it expects full-year iron-ore shipments from its Australian mining operations to be in the upper half of company guidance, but cut production estimates for several other commodities it produces, including alumina and refined copper. The world&#8217;s second-largest miner by market value said 2023 shipments are now expected to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-37876","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rio Tinto Expects Strong 2023 Iron-Ore Sales; Cuts Guidance for Alumina, Refined Copper | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Rhiannon Hoyle Rio Tinto PLC said it expects full-year iron-ore shipments from its Australian mining operations to be in the upper half of company\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=37876\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rio Tinto Expects Strong 2023 Iron-Ore Sales; 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