Rio Tinto's iron ore shipments on the rise.

Mining heavyweight Rio Tinto's shipments of the steelmaking raw material iron ore have risen 5 percent in three months, despite concerns of the US-China trade war dampening demand from Chinese steel mills. The Anglo-Australian miner reported on Wednesday it had shipped 86.1 million tonnes of iron ore - Australia's most valuable export commodity - in the July-September quarter, up from 81.9 million tonnes a year earlier.

Rio on Wednesday lowered its forecasts for bauxite and alumina production forecast due to bad weather and maintenance issues. Iron ore prices surged nearly 60 percent earlier this year after a fatal dam disaster at a Brazilian iron ore mine sparked production outages and...