Commodity prices at an “equilibrium” says Rio Tinto boss

Commodity prices at an “equilibrium” says Rio Tinto boss

Commodity prices at an “equilibrium” says Rio Tinto boss The CEO of mining firm Rio Tinto said Thursday that iron ore capacity will see 120 million tonnes leaving the market this year. Sam Walsh was speaking after the firm reported a 43 per cent drop in first half underlying earnings to £2.9 billion due to lower prices.