Business
Rio could face a wake-up call from Chinese steelmakers – The Australian Financial Review
There are signs that steelmaker demand for iron ore is likely to taper off later this year.
Ethics for ethics sake, money for heavens sake. Jean-Sébastien Jacques lost his job as chief executive after Rio Tinto blew up a sacred Aboriginal site. We learnt on Monday that his exit was cushioned by a 20 per cent rise in remuneration in 2020.
The enthusiasm of most investors for environmental, social and governance rectitude will not extend to selling Rio shares. Only a downturn in Chinas steel market could change their minds about this bulletproof miner.
Commercially, Rio is on a roll. Its…
