Labrador Iron Ore Royalty Says IOC's Total Ore Sales Reached 3.81-Million Tonnes For September Quarter

MT newswire2026/10/14 15:42

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11:42 AM EDT, 10/14/2026 (MT Newswires) -- Labrador Iron Ore Royalty (LIF.TO), up near 5% on last look, reported on Wednesday that Iron Ore Company of Canada (IOC), majority-owned by Rio Tinto (RIO), had total saleable iron ore production of 3.81-million tonnes for the quarter ended Sept. 30, down 5% from the prior-year period. The production consisted of 2.46-million tonnes of pellets and 1.34-million tonnes of concentrate for sale (CFS). Rio Tinto also announced that IOC had total iron ore sales in the third quarter of 3.78 million tonnes, comprised of 2.61 million tonnes of pellets and 1.17 million tonnes of CFS. According to a statement, Labrador Iron Ore holds a 15.10% equity interest in IOC, and receives a 7% gross overriding royalty on all iron ore products produced, sold and shipped by IOC. Labrador Iron Ore shares were last seen up CA$0.99, to CA$21.74, on the Toronto Stock Exchange. Price: 21.81, Change: +1.08, Percent Change: +5.21

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The University of Michigan's final Consumer Sentiment Index for October stood at 48, reaching a five-month low, but exceeded market expectations. Consumers' one-year inflation expectation rose to 4.7%, and their long-term inflation expectation for the next five to ten years rose to 3.5%, both the highest since May this year and marking a second consecutive month of increase. While the S&P 500 Total Return Index has climbed to record highs, U.S. consumer sentiment remains near historic lows, with the divergence between the two reaching a record extreme.

华尔街见闻•2026/10/23 15:48