💨 Abstract

Rio Tinto is clearing iron ore ships from Cape Lambert Port and Dampier Port in Western Australia due to tropical cyclones Taliah and Vince, which is complicating repairs to infrastructure damaged by Cyclone Sean last month. The clearance of ports is exacerbating system challenges and high stocks as repair works continue on the East Intercourse dumper affected by floodwaters from Cyclone Sean. This could impact Rio Tinto's first-quarter iron ore shipments.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖