Rio’s Iron Ore Output Recovers As Prices Top $100
A fixed plant at Rio Tinto Group's Gudai-Darri iron ore mine site in the Pilbara region of Western Australia.
Photographer: Carla Gottgens/BloombergGood morning everyone, Ben Westcott here in a brisk Melbourne, here’s what’s making news today.
Today’s must-reads:
• Rio Tinto’s iron ore shipments recover
• Australia’s online payment boom sparks cash crisis
• Trump says he won’t fire Federal Reserve chair
Rio Tinto’s second-quarter iron ore shipments largely recovered from cyclone impacts earlier in the year, jumping 13% from the first quarter. It comes as the iron ore price topped $100 a ton for the first time since May, as sentiment improved around Chinese economic growth.