Photographer: Jack Atley/Bloomberg

Rio Tinto to Slow Pace of Iron Ore Expansion on Supply Glut

  • The steel-making material tumbled last month to record low
  • Producer is freezing salaries from CEO downward in 2016
Rio to Pare Pace of Iron Ore Output

Rio Tinto Group, the world’s second-largest iron ore exporter, will trim the pace of its supply expansion as prices slump amid a market glut.

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