Rio Tinto’s new chief executive is looking to increase shipments of iron ore to China this year amid a price surge driven by strong Chinese demand.
The Jakob Stausholm-led company said shipments could be almost 3% higher in 2021, setting a range of between 325m and 340m tonnes against the 331m tonnes shipped last year.
The former Maersk Line executive, who took charge of the world’s second-largest miner earlier this month, said China’s buying remained “robust” despite ongoing localised impacts from Covid-19 in some regions.
