How Will The Recent Decline In RIO's Iron Ore Output Guidance Affect The Company's Stock Valuation?

Iron ore operations in Western Australia's Pilbara region are affected following last week's tropical cyclone Veronica, which has had an adverse impact on Rio Tinto's (NYSE: RIO) operations. As a result, Rio now expects FY 2019 iron ore production to come in at the lower end of its previous guid...