Rio Tinto's Profit Decline: Burdened by Weaker Iron ore Prices and Tariffs

Rio Tinto (i) reported a 22% decline in profits for the first half of the year and cut its interim dividend. The primary cause of this was the falling iron ore prices, which severely impacted the mining giant's results. Significant decline in dividend and earnings The world's second-largest mining company by market value recorded a net profit of $4.53 billion in the six months to June, compared to $5.81 billion in the same period last year. The adjusted profit amounted to $4.81 billion, while analysts had expected a consensus of $5.01 billion....