What happens when the world’s biggest bauxite supplier produces too much of the one commodity it dominates? Guinea’s bauxite market is offering a striking answer. Record exports have strengthened its position in global trade, but the surge in supply has also pushed prices lower. Australia,...
Iron ore remains Rio Tinto's financial anchor, but growing exposure to aluminium, copper and lithium is changing how investors assess the diversified miner. Rio Tinto is attracting renewed attention among UK-listed metals and mining stocks as its expanding commodity mix creates a valuation picture...
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The year 2023 looked positive regarding worldwide aluminium demand, but high inflation and a continuous threat of recession acted as a grinch, at least during H1, 2023. As per BMI, a research agency under Fitch Solutions, the commodity-intensive industries in Mainland China have had a sluggish...
Rio Tinto Group has reportedly entered into a five-year low-carbon aluminium supply contract with Prysmian Group to help the latter manufacture cables for power grids in North America with more sustainable materials. The news came after Rio Tinto and Prysmian jointly announced the collaboration on...
On October 25, 2023, Rio Tinto appointed James Joc O'Rourke as a non-executive director. O'Rourke, who holds both Canadian and Australian citizenship, will seek election at the Company's 2024 annual general meetings. With over 25 years of experience in the mining and minerals industry, O'Rourke has...
Rio Tinto announced another quarter of progress from July to September 2023. In the Q3 production report, the company revealed that its aluminium output stood at 828,000 tonnes, registering a 2 per cent rise Q-o-Q and a 9 per cent hike Y-o-Y, backed by the full capacity operations at Kitimat...
The Rio Tinto chairman, Dominic Barton, indicated on October 6, 2023, that customers are increasingly willing to pay extra for eco-friendly, sustainable products. In addition, he spoke about the company's desire to participate in the growing lithium market. On Friday, October 6, mining giant...
This consortium, which brings together the world's leading expertise to implement an innovative process, aims to achieve a 50 per cent reduction in direct CO 2 emissions (excluding energy sources) from primary aluminium production by 2030. With more than 60 years' experience in capturing and...
The Bell Centre, home of the Montreal Canadiens, is teaming up with Rio Tinto to bring infinitely recyclable cups made from aluminium to sporting and entertainment events. This five-year partnership is part of the Montreal Canadiens' "The Goal is Green" initiative, presented by Banque Nationale....
Four major players in the aluminium industry have joined forces to create a groundbreaking carbon capture technology in France. The goal is to significantly reduce carbon emissions from aluminium production in France. The collaboration includes Aluminum Dunkerque, Trimet, Fives, and Rio Tinto, and...
The rush to discover additional ventures in transition materials has instigated a reassessment of strategy at Rio Tinto. This involves an inclination towards smaller mining operations and potentially exploring more precarious, less-established locations. On October 6, 2023, Dominic Barton, Rio...
Last week was a very exciting time for AL Circle with the rebranding experience in play. Overall, the aluminium industry, too, saw a few gut-wrenching events. A fire broke out at Rusal-owned Krasnoyarsk Aluminium Smelter on Wednesday. A transformer caught fire in a 50 square metre area. No...
Rio Tinto's Kitimat aluminium smelter is finally back in full production after a 17-month restart following a lengthy interruption caused by a strike in 2021. Rio Tinto general manager Simon Pascoe stated that the accomplishment is noteworthy for the community and his 1,100-member crew. The smelter...
Rio Tinto Group, the world's second-largest metals and mining corporation, has appointed Jérôme Pécresse as the Chief Executive for the aluminium business. Jérôme Pécresse will join Rio Tinto on October 23, 2023, succeeding Ivan Vella. Jérôme will bring more than 30 years of experience in senior...
Rio Tinto announced its operational and financial results for the first half of 2023 ended June 30, revealing the bauxite and alumina production standing at 25.6 million tonnes and 3.7 million tonnes, respectively. On a year-on-year basis, Rio’s bauxite output edged an 8 per cent downfall as Weipa...
The global aluminium industry is sensitive to economic conditions, trade disputes, and supply-demand dynamics. In the seventh month of 2023, there was a noticeable increase in the price of aluminium on both the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE). On the LME, the...
The global mining and metal giant Rio Tinto has expressed concern that the expenses associated with renewable energy could severely impact Australia's industrial prospects. This comes in the wake of the company's absorption of a significant $1.2 billion loss and depreciation related to its alumina...
The global mining and metal giant Rio Tinto and the Giampaolo Group, founded over 50 years ago in Toronto, Ontario, with a distinct focus on the recycling industry, have agreed to form a joint venture to manufacture and market recycled aluminium products. The transaction reflects the joint venture...
Alumina is essential for the production of primary aluminium. It is obtained from bauxite ore through the Bayer process and serves as the primary feedstock in the Hall-Héroult process , which extracts the non-ferrous metal, aluminium from its powder form. Alumina production is energy-intensive but...
On Wednesday, July 19, Rio Tinto announced its second quarter’s operational results ended June 30, highlighting a 4 per cent increase in aluminium production Q-o-Q and an 11 per cent rise Y-o-Y to 814,000 tonnes, benefitted from the continued ramp-up of the Kitimat smelter. Rio’s Boyne and Kitimat...
