Industrial Metals

Bloomberg reported that Rio Tinto has recorded their first full-year loss in 21 years, thanks to one-time charges on its coal and aluminum operations.

Bloomberg reported that Rio Tinto has recorded their first full-year loss in 21 years, thanks to one-time charges on its coal and aluminum operations.

As quoted in the market report:

The loss was $3 billion in the 12 months to Dec. 31, from $5.8 billion profit a year ago, London-based Rio said today in a statement. The result beat the average forecast loss of $4 billion of seven analyst estimates compiled by Bloomberg.

To view the whole Bloomberg report, click here.

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