Rio Tinto: mixed Q1 production figures
(CercleFinance.com) - Rio Tinto yesterday released its production data for Q1 2022.
Iron ore shipments from Pilbara decreased by 8% compared to Q1 2021 to 71.5Mt (million tonnes).
Iron ore production at Pilbara also fell by 6% y-o-y to 71.7 Mt. At the same time, aluminium production fell by 8%, as did titanium dioxide production (-2% to 273 kt).
However, bauxite production remained stable at 13.6 Mt and copper ore production actually increased by 4% to 125 kt, as did the production of iron ore pellets and concentrates (+3% to 2.4 Mt).
Copyright (c) 2022 CercleFinance.com. All rights reserved.