Rio Tinto has maintained its guidance for 2024 despite reporting a 10% decline in first-quarter iron ore shipments.

The world’s second-largest miner said it shipped 78m tonnes from its mines in the Pilbara region of north-west Australia in the first three months of the year.

Cargo abounds amid best February start for capesize spot rates in 14 years
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This compares with 86.3m