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Market Chatter: Rio Tinto Stockpiles 2 Million Tons of Simandou Ore for First China Shipment
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Market Chatter: Rio Tinto Stockpiles 2 Million Tons of Simandou Ore for First China Shipment
Oct 17, 2025 11:50 AM

02:29 PM EDT, 10/17/2025 (MT Newswires) -- Rio Tinto (RIO) has stockpiled 2 million tons of iron ore at its Simandou project in Guinea for the first shipment in mid-November to China, Reuters reported Friday, citing people familiar with the matter.

Rio will initially route exports via infrastructure owned by partner Winning Consortium Simandou, according to the report.

The company had stated in its Q3 production report that one of the mines at the project had amassed 1.5 million tons of ore.

Rio Tinto did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 67.88, Change: -0.87, Percent Change: -1.27

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