Business
Shortage in global iron ore supply to stay: Rio Tinto – Australian Mining
Rio Tinto is anticipating another strong year for iron ore in 2021 due to sustained demand from steel producers.
Rio Tinto in the Pilbara. Credits: Csfoto – Christian Sprogoe (photographer)
Rio Tinto is anticipating another strong year for iron ore in 2021 due to sustained demand from steel producers.
According to Rio Tintos annual report for 2020, steel producers will ramp up their production off the back of global supply constraints, cementing demand for Rio Tintos iron ore.
Rio Tinto produced 333.4 million tonnes of iron ore products in 2020, compared with 326.7 million tonnes in 2019.
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