Rio Tinto Cuts Iron Ore Guidance

The video discusses the impact of natural disasters, such as cyclones, on iron ore shipments in Australia, leading to a reduction in shipment guidance for 2019 by Rio Tinto. The market is already affected by Brazil's dam disaster, causing iron ore prices to spike. The disruptions in Australia are expected to exacerbate the situation, potentially maintaining high prices. Recovery efforts are slow, and the hope that Australian suppliers could offset Brazilian losses is hindered by ongoing issues.

What was the percentage drop in iron ore shipments in the first quarter compared to the previous year?

• 25%

• 10%

• 14%

• 20%

What is the main reason for the continued disruption in iron ore shipments?

• Labor strikes

• New government regulations

• Economic recession

• Cyclone season

What is the revised annual shipment guidance by Rio Tinto for 2019?

• 300 million tons

• 333 million tons

• 320 million tons

• 350 million tons

Which country's dam disaster has significantly impacted iron ore prices?

• India

• China

• Brazil

• Australia

Why can't Australian suppliers offset the production losses from Brazil?

• Lack of demand

• High production costs

• Government restrictions

• Cyclone disruptions