Broad-based gains saw the pan-European STOXX 600 index rise 0.3% by 0825 GMT, on track to break a three-day losing streak. The index is up around 6.4% for November, putting it on course for its second straight month in the black.
Global miner Rio Tinto said on Wednesday its iron ore shipments in 2023 would be in the same range as this year's forecast, and warned costs would be higher. The Anglo-Australian miner expects to ship between 320 million tonnes (Mt) and 335 Mt of the steel-making ingredient next year. It forecast unit cost of $21-$22.5 per tonne of iron ore for next year, up from $19.5-$21 per tonne expected in 2022.
LONDON, November 30, 2022--Rio Tinto is today providing an update at its Investor Seminar on progress against its long-term strategy to strengthen the business, grow in a decarbonising world and continue to deliver attractive shareholder returns.