Rio Tinto reports stable first-quarter production with a 2% drop in iron ore output, maintaining full-year guidance and focusing on energy-transition materials.
Rio Tinto reported stable first-quarter production, despite a 2% drop in iron ore output to 77.9 million tonnes due to planned ore depletion and weather disruptions. The company maintained its full-year guidance across all products and emphasized a focus on growth in energy-transition materials, including projects at Oyu Tolgoi, Matalco, and Simandou. Rio Tinto also joined BHP and BlueScope in exploring the development of Australia's first electric smelting furnace pilot.
April 16, 2024
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