Rio Tinto Q1 Production down from Q4
Rio Tinto have released their first quarterly production report for 2024. This news comes before the market opens, so we’ll see their movement as the days goes on!
Production for all commodities are down in comparison in Q4 of 2023. However, if you look back at this time last year - aluminium, copper, IOC, and especially bauxite production has increased.
Production for all commodities are down in comparison in Q4 of 2023. However, if you look back at this time last year - aluminium, copper, IOC, and especially bauxite production has increased.
This can be attributed to the stabilisation of mines like Weipa, Gove, and Kitimat.
Copper has been a hot topic as of late. Rio Tinto produced around 156 thousand tonnes on a consolidated basis with their three mines Kennecott, Escondida, and Oyu Tolgoi all operating at an increase.
Copper has been a hot topic as of late. Rio Tinto produced around 156 thousand tonnes on a consolidated basis with their three mines Kennecott, Escondida, and Oyu Tolgoi all operating at an increase.
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