Tag archives: IO

Rio Tinto Resumes Western Australia Iron Ore Railings 13/09/22

UK-Australian firm Rio Tinto has resumed operations on a rail line that connects its 43mn t/yr Gudai Darri mine to port in the Pilbara region of Western Australia (WA), after 20 wagons derailed on 3 September.   The 10-day disruption to railings will make it more difficult for Rio Tinto to meet its guidance of …

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A Room with a Technical View 12/09/22

Capesize October Futures – As noted last week, the futures had started to move lower with downside moves that held above the USD 11,132, supporting a near-term bull argument. The futures traded down to but held the USD 11,132 level, supporting a near-term bull argument, resulting in the futures moving higher (current price USD 15,250 …

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