Rio Tinto Plc : Q2 preview: OK in iron ore, copper, more challenged in aluminium, strategic focus on bolt-on deals (aluminium) and in-house projects (Jadar)
>Towards a decent Q2 in Iron Ore and Copper, less so in Aluminium - Rio Tinto will release on 15 July Q2 production figures followed by H1 results on 31 July. Given its weight (68% of 2024e EBITDA) the Iron Ore division should again focus attention. We forecast production of 82.2Mt, up 5.4% vs Q1, hit by bad weather, which should help to underpin the group’s full-year guidance (323-338 Mt). However, the train crash that disrupted logistics for one week in May will lik...Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
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