HomeGeneral NewsRio, Fortescue change benchmark used for China iron ore pricing

Rio, Fortescue change benchmark used for China iron ore pricing

December 31, 2025

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Rio Tinto’s iron ore train cars in Western Australia. Stock image.

Rio Tinto Group and Fortescue Ltd, two of the world’s largest iron ore producers, have switched the index they use to price shipments for the world’s largest commodities consumer, a rare change that…

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