Rio Tinto Supports Plan To Increase Iron Production

Reuters reported Rio Tinto (ASX:RIO,LSE:RIO) backed plans to lift production this year, saying its operations were running strong despite a volatile market in China.

As quoted in the market news:

The output of iron ore miners in Australia, the world’s biggest exporter, is being closely watched for clues on how weaker consumption of steel in China is hitting demand for industrial commodities. Miners have in recent months been scaling back expansions and spending, raising concerns a decade-long mining boom in Australia is ending.

Click here to read the full Reuters report.