Explore why the prices of iron ore and copper prices are soaring and what to expect in the next few months and top beneficiaries

The miner said it produced 328.0 million metric tons of iron ore last year at mines in Australia’s Pilbara region —1% lower compared with 2023.

Rio Tinto Group, the world’s top iron ore exporter, said shipments of the steelmaking material slipped in the fourth quarter, as demand from China remained lackluster and production at some mines declined.