Australia: Rio Tinto iron ore shipments down 5% in Q3, CY’20 guidance unchanged

Rio Tinto’s Pilbara iron ore shipments were recorded at 82.1 mn t for Q3 CY’20, down 5% as against 86.7 mn t in Q2 CY’20. The shipments fell due to planned maintenance activity at ports. On am yearly basis too, shipments depicted a 5% drop in the third quarter of the year (Q3 CY’20) against 86.1 mn t in Q3 CY19.