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16 JANUARY 2018 AL CIRCLE

Rio Tinto aluminium production stands at 3.6 million tonnes in 2017

EDITED BY : HEENA IQBAL 2MINS READ

Rio Tinto’s aluminium production for the fourth quarter of 2017 stood at 887,000 tonnes, 3 per cent lower compared with the corresponding period of 2016.

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Aluminium production in 2017 was one per cent lower than 2016. Rio Tinto produced 3.6 million tonnes of aluminium. “Strong operational performances were achieved across most sites, reflecting the implementation of productivity improvements across the business,” it said.

“This was offset by production curtailment at the Boyne smelter due to higher power prices in Queensland, and by lower production at the non-managed Sohar smelter due to a power interruption incident in the third quarter.”

“Average realised aluminium prices in 2017 were $2,231 per tonne. This includes a $221 per tonne premium for value-added product, which represented 57 per cent of aluminium sold, and the physical market premium.”

Rio Tinto’s share of production in 2018 is unchanged at 3.5 to 3.7 million tonnes of aluminium (guidance to be adjusted following completion of the sale of the Aluminium Dunkerque smelter).

On 10 January 2018, Rio Tinto announced it had received a binding offer for the sale of the Aluminium Dunkerque smelter in France for $500 million, subject to final adjustments. The company said that the sale of the aluminium smelter is expected to complete in the second quarter of 2018.

Tagged with:

Aluminium Rio tinto

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EDITED BY : HEENA IQBAL 2MINS READ

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