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Rio Tinto output drops but metal prices buoyant

Rio Tinto output drops but metal prices buoyant

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Rio Tinto PLC (LON:RIO) said it expects iron ore and copper shipments to remain at the low end of guidance after declines in output of both metals in its latest quarter. Costs are also rising said the miner with iron production costs this year up by 4% due to rises in diesel and labour, costs related to mine heritage management and Covid-19.

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