At present, there is no steel plant violating the

Rio Tinto's Global CEO: at present, no steel plant has violated the quarterly contract

Rio Tinto's Global CEO: at present, no steel plant has violated the quarterly contract

China Construction machinery information

Guide: Australian mining giant Rio Tinto, we will use our future actions to repay you. We hope people from all walks of life and users from all walks of life will supervise and give advice. Aibonian, the Global CEO of the group, said in a media interview in Shanghai last Friday, Although the spot price in June and July was once lower than the quarterly agreement price, Rio Tinto is glad to see that there is no customer default at present. And for the West mans in Africa developed in cooperation with Chinalco

in an interview with the media in Shanghai last Friday, the Global CEO of Rio Tinto Group, an Australian mining giant, said that although the spot price in June and July was once lower than the quarterly agreement price as a member of polyester, Rio Tinto was "glad to see that there is no customer default at present"

as for the Simandou iron ore project in Africa jointly developed with Chinalco, Albanese said, "I hope this is a milestone in the recovery of Rio Tinto China relations", and the production of the first batch of products will take about 5 years

there is no steel at present, but the factory defaulted due to the decline of cobalt, manganese/aluminum, etc.

last week, Rio Tinto Group's Global CEO AI Bonian was interviewed by the media in his office in Shanghai. As for the iron ore price that the market is generally concerned about, Albanese said that Rio Tinto calculated the price in the third quarter based on the average monthly spot price. So far, Chinese steel mills have not defaulted because the spot price was once inverted with the agreed price

"in June and July, there was a time when the spot price was lower than the quarterly price. We are very happy to see that so far, no steel plant has temporarily decided not to implement the quarterly price. Now the spot price tends to the quarterly price, and the upside down risk that occurred a while ago has basically passed." Albanese said

it is reported that the domestic steel mills received a pick-up price of about $147/ton in the third quarter. According to Rio Tinto, combined with the lowest level of the steel market in July, the profit of steel enterprises in July is likely to be the lowest in the year

it will take five years for the West African iron ore project to be put into operation

for the West African Simandou iron ore project jointly developed by signing an agreement with Aluminum Corporation of China, AI Bonian said that the sealing of piston rods, which produced the first batch of products in the project, is the most concerned problem of users, and it will take about five years

"the Simandou project is very large and faces great challenges in terms of technology and infrastructure. We hope that Rio Tinto and Chinalco will jointly develop this project, complement each other's advantages and take measures to overcome difficulties." AI Bonian revealed that the mining investment cycle is very long. In addition to investment and construction, project approval also takes a long time. The real production of Simandou project will take about 5 years. "Chinalco, the parent company of Aluminum Corporation of China, has provided good support and help. With the participation of large and medium-sized state-owned enterprises, we believe that the prospect of the project is very bright." AI Bonian said