23 Aug, 23

Rio Tinto And BHP Grapple With Market Dynamics In Mining Sector

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The company has now slashed it dividend nearly in half to $1.70 per share, down from $3.25 per share the year before. These headwinds have also hit rival Rio Tinto’s share price this year. Henry hopes the company’s expansive portfolio – which includes copper, gold, nickel, and potash – meant the Aussie firm could navigate China’s sluggish economic revival and the West’s hawkish response to inflation. Both these factors have eaten into demand for iron ore – which is a key ingredient for steelmaking…

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