The Rio Tinto group, which is one of the three largest mining companies in the world, reported that in the second quarter of this year it increased its iron ore production by 1% to 72 million 300 thousand tons. The extraction of copper increased by 13% to 156 thousand 800 tons. The production of aluminum grew by 1% over the reporting period and amounted to 858 thousand tons. Rio Tinto is engaged in exploration, extraction and processing of mineral resources. Basically it is aluminum, copper, diamonds, coal, uranium, gold, industrial minerals and iron ore.
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Spain’s unemployment rose to 15.33% for the second quarter of 2020, according to Tuesday’s data from the National Statistics Institute amid the worsening COVID-19 situation in the country. The unemployment rate surged past the ...