Rio Tinto to change index for some iron ore settlement, client notice, trader says

marketscreener
2025.12.24 10:30

Rio Tinto plans to replace Platts indices with Fastmarkets MB's iron ore indices for settlement of shipments to China in January and February 2026, according to a client notice. The change's reason and scope are unclear, and negotiations are ongoing for future contracts. Rio Tinto has used Platts indices for over a decade.