Metals News Results

  • Rio Tinto Accelerates Carbon Targets While Pivoting Toward Growth - Update

    Rio Tinto PLC (RIO) accelerated plans to shrink its carbon footprint and said it intends to spend more on projects to mine commodities needed for a global energy transition. With investor and public pressure mounting for resources companies to respond to climate change, the world's second biggest miner by market value on Wednesday more than tripled a 2030 emissions reduction target and said it will lift annual capital spending with a focus on increasing its output of materials...

  • BHP Plans to Creep Past Iron-Ore Shipment Target in Medium Term -- Commodity Comment

    BHP Group Ltd. (BHP), the world's biggest mining company by market value, Tuesday said it produced less iron ore, copper, metallurgical coal and nickel in its first fiscal quarter versus a year ago, although output of petroleum and energy coal increased. Here are some remarks from its operational report. "Western Australian Iron Ore production decreased by 6% to 62 million tons, mainly reflecting higher planned maintenance during the quarter, including major maintenance of car dumper...

  • BHP First-Quarter Iron Ore, Copper Output Falls

    BHP Group Ltd. (BHP) produced less iron ore, copper and steelmaking coal in its first fiscal quarter mostly because of planned maintenance work at its operations. The world's biggest mining company by market value said it produced 63.3 million metric tons of iron ore in the three months through September, down 4% year-over-year and 3% lower than the quarter immediately prior. BHP reiterated that it expects to produce between 249 million and 259 million tons for the year through June,...

  • Rio Tinto Sees Battery Metal Demand Supported by EV Sales Jump -- Commodity Comment

    Rio Tinto PLC (RIO), the world's second largest mining company by market value, on Friday cut its 2021 shipment and output guidance for commodities including iron ore, citing setbacks including labor shortages and plant disruptions. Here are some remarks from its report. "Aggregate shipments of the major seaborne suppliers are trending flat year-on-year and are not expected to regain their 2018 levels for the third consecutive year.

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