Analysts at Morgan Stanley expect Rio Tinto’s Western Australia iron-ore (WAIO) shipments outlook to be achieved.

Eyes Rio to report CY23 WAIO shipments of 332 kt, in line with the world’s largest iron-ore miner’s estimate of 320-335 kt.

Expects market participants to monitor any changes to ramp-up schedules for Oyu Tolgoi and Robe Valley projects.

Brokerage sees market to monitor any developments related to Rio’s Rincon and Jadar lithium projects.

Rio set to report Q4 production on Tuesday.

Stock has fallen 4.8% this year, as of last close.
Source: Reuters (Reporting by Rishav Chatterjee in Bengaluru; Editing by Lisa Shumaker)