Rio Tinto in Talks With Vitol Over Venture to Cut Freight Costs
THE SO WHAT
A Rio Tinto–Vitol freight JV would formalize what many heavy-industry players are doing ad hoc—treating logistics as a profit center and hedge, not a cost line. If your business is exposed to bulk shipping rates, you should be modeling scenarios where your counterparties control more of the freight stack and price in less volatility for you, more margin for them.
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