Rio Tinto considers iron ore strategy shift
Rio Tinto’s flagship iron ore division will consider its biggest product strategy change in 17 years as it juggles a generational shift at its Australian mines, new sources of ore from Africa, and steel mills’ desire to cut carbon emissions.
Rio announced it would launch a review of its “future product strategy” in iron ore, which could see the miner deprioritise the product that is the pricing benchmark for all Australian iron ore miners: Pilbara Blend.
This article has been updated to reflect a more recent estimate of when Rhodes Ridges will enter production. It is the end of the decade, not 2025.
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