Rio Tinto warns of weaker commodity demand as iron ore slumps

Shipment outlook curbed amid China's soft construction activity

20221018N Rio Tinto

Rio Tinto sees "further downside risks to demand" for iron ore and other resources. © Reuters

FUMI MATSUMOTO, Nikkei staff writer

SYDNEY -- Demand for iron ore and other resources may weaken further, Anglo-Australian mining giant Rio Tinto warns, with iron ore shipments expected to come in toward the low end of its guidance for 2022.

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