Rio Tinto Slashes Dividend By 46% As Profit Slumps Due To Metal Price Meltdown Fueled By China's COVID Wave

Rio Tinto Plc (NYSE: RIO) slashed its dividend Wednesday on weak demand for iron ore, aluminum and copper from a lockdown-hit China after posting lackluster FY22 results. The result added to a disappointing season for the biggest miners as they battled lower metals prices and rising energy and…

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