Positive

From Nasdaq, Inc.: 2024-07-15 20:47:58

Rio Tinto reported a 2% increase in pilbara iron ore shipments for the second quarter, reaching 80.3 million tonnes. However, production in the Pilbara was 2% lower than the same period last year due to a train collision. Construction of the Simandou iron ore project in Guinea is progressing well, and bauxite production saw a 9% increase.

On the other hand, alumina production was 10% lower due to operational issues, leading to a revised full-year production guidance. Despite these challenges, aluminum production was 1% higher during the period. The company expects gas supplies to return to normal levels by the end of 2024.



Read more at Nasdaq, Inc.: Rio Tinto Q2 Pilbara Iron Ore Shipments Up 2%