The basic profit in 1P25 decreased by 16%, without justifying the expectations of
the income for the first half of 2025 were the weakest since 2020
on Wednesday, the company recorded the lowest base in the first half of the years over the past five years, which is due to low prices for iron ore against the background of fears about the background supply and slowdown of demand in China, as well as an increase in costs at their enterprises in Pilbar.
The prices of iron ore decreased in the first half of the year, since the production of steel in China, the largest consumer, was reduced, and more supplies from Australia, Brazil and South Africa were received, which led to reducing RIO income Tinto from the supply of raw materials for the steel industry.
